European Court of Auditors (ECA) new report on “Public Private Partnerships in the EU: Widespread shortcomings and limited benefits"
WHAT DOES THIS MEAN FOR THE SDGs IMPLEMENTATION? There is a lot of discussion about the role of PPPs being used to advance the implementation of the SDGs. This report should inform that discussion and the need for a set of Principles and Guidelines to be developed by the UN Finance for Development Forum for the promotion of the use of PPPs for implementing the SDGs. The work of UNECE in this area is a first step but it needs to be a system wide approach. How can it be that the same governments that are supporting the development of Principles for PPPs in the UNECE are opposing the development of them at the UN in New York? A BOUT THE AUDIT The ECA assessed whether EU-funded Public Private Partnerships (PPP) projects had been effectively managed and provided adequate value for money, account being taken of the trend towards more intensively leveraging public funds with private finance through PPPs. The auditors assessed 12 EU co-financed PPPs in France, Greece, Ireland and Spain ...