An Infrastructure Governance Approach to Fiscal Management State-Owned Enterprise and Public-Private Partnerships

This report identifies key governance challenges in the management of fiscal risks and contingent liabilities in the Asia and Pacific arising from public investments through public–private partnerships and by state-owned enterprises. It shows the importance of investment in quality infrastructure to overcome the trilemma of the overall infrastructure investment gap, limited fiscal space, and increasing debt. For decision-makers to ensure fiscal sustainability, facilitate inclusive and climate resilient infrastructure, and achieve the Sustainable Development Goals, the report presents evidence that it is critically important that such investments are efficien —that is, the right infrastructure delivering maximum economic benefits at the lowest cost.