ABSTRACT
Public Private Partnerships (PPP) were introduced in emerging economies in the 1990s, with Latin American countries taking the lead. PPPs for this report include all types of private participation, whether there is or is not financial contributions by the government, the so-called concessions or PPP in certain countries and Private Finance Initiatives (PFI). Growth and productivity in Latin American countries, with some exceptions for the last two decades, have been wanting, particularly for the larger countries such as Mexico, Brazil and Argentina, even with the commodity boom. It has been argued that a key factor was the level and quality of infrastructure. PPP or "Public Private Partnerships" is a generic term for a contractual and long-term relation between the public sector and a private operator granting to the private operator the right to provide the service and receive compensation via tariffs or government payments.
