A significant one-day seminar titled “Supporting the Long-term Sustainability of PPP Portfolios: Assessing and Managing Fiscal Risks in PPPs” was convened, addressing pivotal issues concerning Public-Private Partnerships (PPPs). The seminar attracted representatives from various governmental agencies responsible for identifying, preparing, and overseeing PPP projects.
Led by the team from the World Bank, spearheaded by PPP specialist Elena Timusheva, the seminar provided a platform for insightful discussions and presentations. Notable contributions came from PPP expert Rakesh Bangera and Jahongir Norzhigitov, the head of the fiscal risk department at the Ministry of Economy and Finance. Their presentations during the first half of the seminar were instrumental in shaping the dialogue around the sustainability and fiscal risk management in PPP projects.
The main focus at the event were the primary objectives to raise awareness and facilitate the implementation of Cabinet of Ministers Resolution No. 558, “On Approving the Procedure for Managing State Budgetary Obligations that May Arise in Public-Private Partnership Projects” (dated October 23, 2023). Furthermore, the seminar aimed to bolster the capabilities of participants in identifying and evaluating fiscal risks inherent in PPP ventures.
The discussions throughout the seminar delved into nuanced topics surrounding both direct and contingent obligations within PPP frameworks. To solidify the dissemination of information and enhance participants’ understanding, an interactive and practical exercise was conducted by the speakers, providing a hands-on learning experience.
The seminar served as a vital platform for knowledge exchange and capacity building, fostering a collaborative environment among stakeholders involved in PPP initiatives. By addressing critical aspects of fiscal risk management, the event laid a robust foundation for ensuring the long-term sustainability and success of PPP portfolios.
