Philippines gets ‘near perfect score’ for its PPP program– World Bank

The Philippines Public-Private Partnership program gets a score of 96 in World Bank’s “Benchmarking Public-Private Partnerships Procurement 2017” report.

PPP PROGRAM. PH is part of 23% of the 82 economies with PPP regulations. Image grabbed from ppp.gov.ph

The said program is defined as “contractual agreements between public and private sector entities,” which has helped the country through financing, designing, implementing, and operating infrastructure facilities and services. It also offers monetary and non-monetary advantages for the public sector, and addresses limited funding of projects in the country, as described in the PPP Philippines’ website.

According to GMA News, World Bank reported that “scores nearing 100 are economies that are considered having PPP regulatory frameworks that closely align with internationally recognized good practices.”

As cited in the report, “in the Philippines, procuring authorities must prepare infrastructure or development programs to identify specific priority projects that may be developed as PPPs, ensure that the list of priority projects that may be developed as PPPs, ensure that the list of priority projects is consistent with the Philippine Development Plan, the Provincial Development Plan, and the Physical Framework Plan, and submit the list to the National Economic and Development Authority Board or the Investment Coordination Committee for approval.”

The international financial institution also recognized the good practice of PPP Center in conducting a market sounding to evaluate investors’ interest in the projects. Philippines scored 85 on PPP procurement, 84 for PPP contract management, and 67 for unsolicited proposals.

 

Source: Benchmarking Public-Private Partnerships Procurement, GMA News