Developing Public-Private Partnership Initiatives in the Middle East and North Africa: From Public Debt to Maximizing Finance for Development

2019 ◽  
Author(s):  
Rabah Arezki ◽  
Ferid Belhaj
Keyword(s):  
Middle East ◽  
North Africa ◽  
Public Debt ◽  
Public Private Partnership ◽  
Private Partnership

scholarly journals Developing public-private partnership initiatives in the Middle East and North Africa: From public debt to maximizing finance for development

2020 ◽  
Vol 4 (1) ◽  
pp. 73 ◽  
Author(s):  
Rabah Arezki
Keyword(s):  
Middle East ◽  
North Africa ◽  
Public Debt ◽  
Arab Countries ◽  
Public Private Partnerships ◽  
Private Partnership ◽  
Strong State ◽  
Novel Approach ◽  
Development Approach ◽  
Financing Infrastructure

This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in meeting these needs with traditional financing. The paper then makes the case for maximizing finance for development by using public-private partnerships and presents a few successful examples in Arab countries. Finally, the paper explores the way forward and concludes on the need for strong state capacity and integrity to promote the “maximizing finance for development” approach.

scholarly journals THE ROLE OF THE MIDDLE EAST INVESTMEN INITIATIVE (MEII) IN DEVELOPMENT IN THE WEST BANK, PALESTINE IN THE U.S.-PALESTINE PARTNERSHIP (UPP) FRAMEWORK

2018 ◽  
Author(s):  
Presya Ramadhan
Keyword(s):  
Middle East ◽  
Private Sector ◽  
West Bank ◽  
Public Private Partnership ◽  
The West ◽  
Private Partnership ◽  
Security Issues ◽  
Private Sector Investment ◽  
The U.S

This paper examines the role of Middle East Investment Initiative (MEII) in development in the West Bank, Palestine in the U.S.-Palestine Partnership (UPP) framework. Answering the question of how the role of the Middle East Investment Initiative (MEII) in development in Palestine in the US-Palestine Partnership (UPP) framework and how the contribution of Public-Private Partnership (PPP) to development in Palestine, the author's thesis statement is that amid diplomatic and territorial disputes, The Middle East Investment Initiative (MEII) as a public-private partnership becomes the main channel for collecting and channeling development assistance such as resources and private sector investment that can benefit the West Bank and bring prosperity to people Palestinians. While the private sector such as the Middle East Investment Initiative (MEII) cannot do much to address diplomacy or security issues, the private sector can play an equally important role through the contribution of resources and investment to conflict areas such as Palestine to help economic development In the West Bank, Palestine.

scholarly journals Public-private partnership as remedy for crumbling infrastructure: Is this hope looking for reason?

2019 ◽  
Vol 3 (2) ◽  
pp. 233
Author(s):  
Richard E. Wagner
Keyword(s):  
Interest Rates ◽  
Public Debt ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Implicit Form ◽  
Analytical Point ◽  
Point Of Departure

It has become commonplace to describe publicly provided infrastructure as being in a sorry state and to advance public-private partnership as a possible remedy. This essay adopts a skeptical but not a cynical posture toward those claims. The paper starts by reviewing the comparative properties of markets and politics within a theory of budgeting where the options are construction and maintenance. This analytical point of departure explains how incongruities between political and market action can favor construction over maintenance. In short, political entities can engage in an implicit form of public debt by reducing maintenance spending to support other budgetary items. This implicit form of public debt does not manifest in higher interest rates but rather manifests in crumbling bridges and other infrastructure due to the transfer of maintenance into other budgetary activities.

scholarly journals Dhows in Doldrums: a Spotlight on an Informal Segment of Pakistan’s Maritime Economy

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Alifiya AunAli ◽  
Sajjad Khrbey
Keyword(s):  
Middle East ◽  
Capacity Building ◽  
Raw Materials ◽  
Modern Technology ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Maritime Economy ◽  
Cargo Transportation ◽  
Basic Infrastructure

This paper elaborates upon the challenges faced by Dhow making industry in Pakistan, where dhows have always served as the traditional means of cargo transportation. Dhows have also been useful in trade especially with secondary ports and war -torn countries of the Middle East and Africa. The decreasing trend in trade through dhows is affecting not only the maritime economy but also may lead to the extinction of traditional and customary knowledge of dhow making industry. Pakistan needs to ensure that policy gaps are filled to address the concerns of all stakeholders and steps may be taken to identify it as a formal industry in the maritime economy. Moreover, training and capacity building programs will also play an eminent role in generating relevant workforce for boosting the growth of the boat making industry. Active efforts are needed for Public Private Partnership and incentivizing dhow trade also with the assurance of the availability of required raw materials that would help in the revival of the industry. The utilization of modern technology, adequate facilities such as revision of port charges and availability of basic infrastructure are recommended to excel the growth of this vital segment of maritime economy.

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