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Renewed growth in public-private partnerships.(International Section)

Business Credit

| April 01, 2004 | Hansen, Fay | COPYRIGHT 2004 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

After a brief period of slow growth during the Asian financial crisis and the global economic downturn, public-private partnerships are now reemerging as a major vehicle for business expansion in both developed and developing countries. In the United States, private-public partnerships (PPPs) will multiply as government revenues improve but budget restraints still apply. In Europe, tight government budgets and European Union grants for infrastructure projects in accession countries have spurred new interest in PPPs. According to a report by the Londonbased International Project Finance Association, the EU offered grants totaling $25.5 billion to the 10 accession countries ...

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