RUDN Journal of Economics (Dec 2016)
PUBLIC-PRIVATEPARTNERSHIPINAFRICA: OBJECTIVESANDCONDI TIONSOFDEVELOPMENT, THEFACTORSOFSTABILITYANDTHEMAIN CHARACTERISTICS
Abstract
The article examines the nature and various aspects of the public-private partnership (PPP) in developing countries of Africa has made analysis factors which promotes and prevent the development of partnerships, as well as factors of stability of PPP in the country which emphasizes on the role of legislation in various stages of implementation of PPP projects. Allocating the principles on which should be based on a good partnership of the state and the private sector, not with standing the importance of the views of society about the PPP projects, especially designed for a long term. Highlights issues of providing guarantees to all participants of the partnership in order to minimize risk and possible economic damage. In conclusion, the authors conclude that the PPP - is not a panacea for all social and economic ills and problems of developing countries. Nevertheless, it’s also a shortage of investment in resources .PPPs can play a positive role in the implementation of water and sanitation projects.