PPP regulatory framework could be better – WB

THERE is still room for improvement when it comes to the regulatory framework of the public-private partnership (PPP) program in the Philippines even if it is closely aligned with internationally recognized good practices, a World Bank report released on Thursday revealed.

Well designed PPPs implemented in a balanced regulatory environment can bring greater efficiency and sustainability in providing public services such as water, sanitation, energy, transport, telecommunications, health care, and education, according to the WB’s “Benchmarking PPP Procurement 2017.”