THE GUARANTEE OF GOVERNMENT NEEDS FOR PUBLIC-PRIVATE PARTNERSHIPS IN MYANMAR (BEFORE THE PPP LAW IS APPROVED)
Abstract
Myanmar needs various infrastructure investments in several sectors including power generation & transmission for long-term development and growth. Various investors have proposed many projects with different quality and different standards. The uncertainty is whether the chosen project is a good deal or not. Because of those challenges, the project owners/the investors cannot manage the project-process properly. In any project in Myanmar, there are various risks which can affect the return on investment. Without taking the risks by Government, a low developing country, Myanmar will not be a nice place to do business and the competitive level in attracting investment will not be increased among the regional-countries too. In certain cases of PPP, the Government of Myanmar should contribute the best support through the Guarantee of Government to get more confidence in both sides. However, the systematic checks should be done among the proposed projects, before issuing the guarantees.
Keywords:
Public Private Partnership, PPP Law, Government Guarantee, MyanmarDownloads
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