The PPP Certification Program Guide, referred to as the PPP Guide is the Body of Knowledge (BoK) on public-private partnerships (PPPs), will help public officials and their advisors implement efficient, sustainable PPPs. The PPP Guide is part of the family of CP3P credentials that, once mastered, enable PPP practitioners to achieve the title “Certified PPP Professional” under the auspices of the APMG PPP Certification Program. The APMG PPP Certification Program, referred to as the Certification Program is an innovation of the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Islamic Development Bank (IsDB), the Multilateral Investment Fund (MIF), the Public-Private Infrastructure Advisory Facility (PPIAF) and the World Bank Group (WBG).
Adopting internationally recognized good practice, as described in the PPP Guide, offers significant benefits for governments, including the following:
It increases the likelihood of developing and implementing a successful PPP program that delivers the right projects effectively and efficiently, and it provides Value for Money solutions to society’s infrastructure needs;
It facilitates access to international investors. By following internationally recognized good practice as set out in the Guide, a government can increase the attractiveness of its PPP program to these businesses, which in turn can further improve the Value for Money outcomes of the program; and
It aids knowledge transfer and equips public officials and their advisors to better learn from the vast pool of international experience in PPPs.
The private sector can also benefit from the PPP Guide, as it can provide private sector employees of PPP investors, financiers, construction companies, and infrastructure operators, as well as advisors and consultants, with an appropriate understanding of the motivations, objectives, and concerns of governments — their future public partner. In addition, since many private sector organizations involved in PPPs are international businesses, understanding internationally recognized good practice can assist these businesses in accessing new markets more successfully.
By helping public officials and their advisors create efficient, sustainable PPPs, and by promoting private sector understanding of and confidence in PPP programs, this PPP Guide will enhance the ability of governments to fill the global infrastructure gap.