The High Cost of “De-Risking” Infrastructure Finance
The World Bank recently started advising governments to assume the bulk of the risk in public-private partnerships, so as to attract more private-sector players. But in addition to introducing an unacceptable moral hazard, this guidance is creating a possible doomsday scenario for debt-saddled developing countries around the world.
You might also be interested in
IISD's Best of 2024: Articles
As 2024 draws to a close, we revisit our most read IISD articles of the year.
IISD's Best of 2024: Publications
As 2024 draws to a close, we revisit our most downloaded IISD publications of the year.
Nations Are Exiting a Secretive System That Protects Corporations—One Country's Story Shows How Hard That Can Be
Bolivia was the first nation to begin leaving a legal system that allows foreign companies to sue governments behind closed doors. Now, other countries are following.
Nine Wins for Sustainable Development in 2024
Looking back on 2024, let’s take a moment to pause and appreciate the positive milestones of the year. Join us in celebrating the small and big wins for global sustainability.