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Van Waeyenberge, Elisa, Bayliss, Kate and Romero, Maria Jose (2021) 'Uneven outcomes from private infrastructure finance: evidence from two case studies.' Development in Practice, 31 (7). pp. 934-945.

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The Sustainable Development Goals have intensified calls for private finance to address a so-called financing gap. This paper provides a critical assessment of the promotion of private finance in infrastructure, assessing two public–private partnerships (PPPs), celebrated for their success in mobilising private funds: a road in Senegal and a hospital in Brazil. While these projects may have had some positive outcomes, their apparent success relies on extensive support from governments and donors. Our findings question the efficacy of private financing as a response to shortages of infrastructure funds. Rather than plugging the financing gap, private finance risks creating fiscal burdens.

Item Type: Journal Article
SOAS Departments & Centres: Departments and Subunits > Department of Economics
ISSN: 13649213
Copyright Statement: This is an Accepted Manuscript version of the following article, accepted for publication in Development in Practice published by Taylor and Francis. It is deposited under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (, which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
DOI (Digital Object Identifier):
Date Deposited: 19 May 2021 09:05

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