Translation of "translation of public et privé " (French → English) :

business exchange | business telephone exchange | business telephone system | office exchange | private branch exchange | PBX [Abbr.]

public-private partnership [ PPP ]

public-private partnership [ PPP ]

private automatic branch exchange | PABX [Abbr.]

Canadian Council for Public-Private Partnerships

private investment in public equity | PIPE

government-sponsored enterprise | GSE | government-sponsored entity

3. Notes that properly structured and efficiently implemented PPPs can bring many benefits such as innovation, greater efficiency in the use of resources and quality assurance and scrutiny; notes also that PPPs in developing countries need to be assessed on the basis of their capacity to deliver development outcomes and that a fair distribution of the risk burden between public and private sectors is needed; stresses that PPPs in developing countries have until now been concentrated mostly in the energy and telecommunications sect ...[+++]ors while private engagement in social infrastructure remains rare; therefore encourages those PPPs that have as their primary objective the achievement of sustainable development goals;

6. Is concerned that certain safeguards to guarantee the purposeful use of public finance are not always in place; in particular, notes that the goals of PPP are often defined in a very general way, while criteria for specific, measurable, attainable and timely objectives are usually absent; stresses that PPP should be a tool which rewards responsible behaviour by private firms; accordingly, deems that a strong regulatory framework should be put in place to ensure that these investments comply with human rights, social, environment ...[+++]al and transparency standards while ensuring that the private sector pays its fair share of taxes; points out also that a pro-poor development ex-ante impact assessment, ensuring the rights of the people, particularly access to land, water and basic social services, is needed for each PPP project that benefits from official development aid; stresses that measurable output indicators and monitoring as well as evaluation mechanisms need to be agreed upon in consultation with civil society during the preparatory phase of the projects and effectively implemented; highlights the importance of the formal consultative and scrutiny role for parliaments and civil society in order to ensure full transparency, legitimacy and accountability;

4. Calls for increased technical assistance – including the training of local staff and sharing of technology – to the governments of the partner countries, in order to raise their capacity to claim the ownership of the PPPs and assume their share of responsibility for the management of the PPP projects, by helping them to set up banking systems and tax administrations capable of providing financial governance for and managing public and private funds; points out that in some cases past experience shows that poorly negotiated PPP contracts could add to state indebtedness and urges that the regulatory framework on responsible financing b ...[+++]e set up;

Regulation (EU, Euratom) No 966/2012, based on the experience of having public-private partnerships institutionalised as Union bodies under Article 185 of Council Regulation (EC, Euratom) No 1605/2002 (2), introduced additional categories of public-private partnerships in order to increase the choice of instruments and include bodies whose rules are more flexible and accessible for private partners than those applicable to the Union institutions.