This detailed blog post from the Center for American Progress describes the differences between traditional procurement, public-private partnerships, and private finance. “Public-private partnerships are a useful alternative form of procurement, allowing project sponsors to balance multiple goals against various delivery methods. They are not, however, a particularly useful or affordable method for raising capital when considered against the backdrop of an active municipal bond market. In the end, a government short of resources to repay a municipal bond will also be short the resources to repay a private entity a higher interest rate as part of a P3 deal,” the author writes.
✴︎ Available only with purchase from publisher “The intensification of cross-sector collaboration phenomena has occurred in multiple fields of action. Organizations in the private, public, and social sectors are working together to tackle society’s most wicked problems. Some success has resulted in a generalized belief…
✴︎ Available with free registration “The concept of public-private partnership (PPP) in higher education is clarified in the article as a mechanism for the formation of the human capital added value. PPP is considered as a set of organizational forms of long-term economic relations between state…
“The question of how to collaborate across boundaries admits no easy, universal answer. There are, however, striking similarities between the types of challenges that different collaborations face. From 2018 to 2020, the authors of this article—researchers from the Harvard Business School and the Harvard Kennedy…
“Private capital has become a significant feature of infrastructure public-private partnerships (PPPs) on the premise that it incentivizes diligent risk management among private partners. This paper evaluates this claim by examining the PPP programme in Ontario, Canada, where the amount of long-term private capital in…
“Social impact bonds, a recent innovation in social finance, are designed to harness capital and knowledge from private nonprofit, for‐profit, and public entities to address pressing social problems. Although there is great policy interest in understanding how social impact bonds can be used to tackle…
“The public-private food assistance system (PPFAS) emerged during the 1970s to address ‘emergency’ food needs and has since grown into a regularized social welfare system of grocery and meal provision and related program delivery, realized through the collective efforts of organizations and individuals. We explore…
“The public pays for and provides an incredible amount of data to governments and companies. Yet much of the value of this data is being wasted, remaining in silos rather than being shared to enhance the common good—whether it’s helping governments to stop opioid addiction…
“In our latest City Accelerator guide, ‘Resilience, Equity, and Innovation,’ we share the tools and processes four cities, Pittsburgh, Saint Paul, San Francisco and Washington D.C., explored in an effort to increase equity and fund infrastructure. With new approaches to managing public resources, these cities…
“It’s still early days for governments experimenting with pay-for-success (PFS) projects, in which governments ask private funders to foot the bill for social programs, and then agree to repay those funders if the programs achieve agreed-on results. As public budgets tighten and social challenges remain…
“From climate change to terrorism, the difficulties confronting policy makers are unprecedented in their variety, but also in their complexity. Our existing policy tool kit seems stale and outdated. Increasingly, it is clear, we need not only new solutions but also new methods for arriving…