This section of the PPP cycle walks through the characteristics of a robust PPP framework. A PPP framework includes the policy, procedures, institutions, and rules that together define how PPPs will be identified, assessed, selected, budgeted for, procured, monitored, and accounted for.
Although PPPs can be implemented on a one-off basis, without any specific supporting policy framework, most countries with a successful PPP program have built it on a sound framework. Establishing a clear framework communicates the government’s commitment and helps ensure good governance by promoting efficiency, accountability, transparency, fairness, and participation. These benefits in turn can help generate private sector interest and public acceptance of PPPs.