We don't need dodgy private finance deals to fund public services, here are some inspiring alternatives:
One in six adults at risk of crisis debt, say the UK's Money Advice Service @YourMoneyAdvice #TalkMoneyWorries
RT @jubileescotland: Humberto Zaqueu: Mozambiques debt is more than double the peak of the HIPC time #EurodadAlternatives17
RT @eurodad: Burghard Ilge of @both_ends explains where #TTIP will strike next #EurodadAlternatives17
RT @eurodad: "Young people are growing up in a terrible environment but I see hope in generational change" Jayati Ghosh #EurodadAlternative…
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Dreamt up in the UK in the 1990s, Public-Private Partnerships (PPPs) have over the last two decades spread across public services in this country, and now increasingly around the world. As a way of paying for public infrastructure and services like hospitals, power stations or transport, their chief attraction to governments is that the cost of borrowing does not appear on the national balance sheet, meaning it doesn’t appear to increase the government’s debt.

Yet as an increasing body of evidence shows, this ‘buy now, pay later’ model has more often than not led to more expensive, less democratically accountable, and lower quality public services than those directly funded by governments. What’s more, the complicated legal and financial structures behind PPPs obscure a simple fact: they leave an enormous legacy of hidden public debts.

The UK has been the trailblazer for PPPs through the Private Finance Initiative, described by academics as a ‘huge financial disaster’ for our economy. Yet despite this, the UK government is today pushing developing countries towards this global debt iceberg.


Tell the IMF to count the cost of Public-Private Partnerships


The International Monetary Fund is reviewing its framework for judging whether countries have a debt crisis. Yet currently, the billions-of-dollars-a-year cost of public-private partnerships are not included.  

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    Clare Walden, 7 March 2017

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    Clare Walden, 8 February 2017

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    Nicholas Hildyard, 23 August 2016

    When it comes to infrastructure – roads, railways, power plants, ports and the like – the policy prescriptions from the World Bank and other international financial institutions sound like a badly scratched record, writes Nicholas Hildyard of The Corner House. Public. Private. Partnerships. Public. Private. Partnerships. P. P. P. Over and over and over again. […]

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