Abstract:
In her quest to further graduate to the high-income status, Botswana seeks to invest
more in infrastructure development for both productive and social use. An efficient and
effective infrastructure provision is fundamental to excellent public service delivery and
access. Sadly, Botswana, like many other world economies, has a challenge of having
an infrastructure financing gap. One of the innovative ways to fill this gap is through
public private partnerships (PPPs) with the capital market that has excess liquidity.
Infrastructure PPPs are complex and capital intensive projects that require project
finance experts to advise parties involved regarding returns and risks associated with each
project. Various project-financing models can be designed to suit project specifications
and they cannot be over-generalised for all PPP projects. Nevertheless, given the tight
fiscal space, Botswana now, more than ever, should consider issuing PPP bonds and
applying user changes model to finance economic PPP infrastructure for sustainable and
inclusive economic growth.
Description:
The series comprises of papers which reflect work in progress, which may be of interest
to researchers and policy makers, or of a public education character. Working papers
may already have been published elsewhere or may appear in other publications.
