Exploring Public-Private Partnerships Viability as Financing Model in Developing Nations: A Case Study of Guyana

Public-private partnerships (PPPs) are emerging as the pivotal mechanisms for financing and managing large-scale infrastructural development projects in many developing nations. The collaboration between governments and the private sector entities has been enhancing efficiency, performance, and innovation in infrastructure development, thus driving growth and development. However, critics have been questioning the viability of PPPs as a financing model in emerging economies. The paper explores the viability of PPPs as a financing model in developing nations by assessing potential benefits and challenges using the case study of Guyana, which is a developing nation with significant economic transformation. It investigates the current economic and political landscape of Guyana. The paper examines successful case studies of PPPs in developing nations for assessing their potential applicability in Guyana. It develops a set of recommendations for effective implementation of PPPs as a financing model in Guyana. The research employed a mixed-methods approach for providing a comprehensive analysis of PPPs in Guyana. It utilized data from a survey of 260 participants across Guyana 10 administrative regions and insights from document analysis and case studies. The findings identified the challenges affecting successful implementation of PPPs, including corruption, political instability, inadequate infrastructure, and insufficient education and training within Guyana. The results revealed the need for governance reform and policy consistency. The paper recommendations are strengthening governance frameworks, enhancing political stability, investing in education and infrastructure, and improving public engagement in Guyana.