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Laying bare the true cost of private sector involvement in development

Maria Romero

10 Jul 2015 10:01:33

This article was originally published in the Guardian As leaders convene for a summit that will have far-reaching repercussions for development finance, they must heed the risks of public-private partnerships Next week, world leaders will come together for the financing for development summit in Addis Ababa, where crucial decisions will be taken on how to finance the fight against global poverty for the next 15 years. Many of those dignitaries, particularly those from rich countries and from financial institutions like the World Bank and the European Investment Bank, are planning to push the role of the private sector in development. They will champion public-private partnerships (PPPs) as the right tool to finance the infrastructure projects for which developing countries are crying out. ...