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News Update (January 10, 2012 05:33 AM...)

IFC journal explores how PPPs make cities more efficient, improve living standards

Press Release-- Public-private partnerships help cities improve their infrastructure in ways that would be impossible without private participation, making urban areas more efficient and raising living standards, according to the latest issue of Handshake, a quarterly online journal published today by IFC, a member of the World Bank Group.

Handshake finds that PPPs in urban water, financing, public transport, and housing can be especially effective in preparing for rapid urbanization around the world. Handshake offers readers in-depth analysis and insight on PPPs in cities including Barcelona, Cartagena, Chennai, Manila, Saint Petersburg. The journal includes a special section on cities and climate change. Handshake also features interviews with Triumph of the City author Edward Glaeser, former U.K. Secretary of State for International Development Clare Short, and Barcelona Global CEO Mateu Hernandez, who discuss the catalytic role PPPs can play in addressing cities past and future challenges.

Public-private partnerships in cities are critical to a world facing rapid urbanization, and Handshake provides advice for readers at any stage of the PPP process, said Laurence Carter, Director for IFC Advisory Services in Public-Private Partnerships. This multimedia issue brings together the experience of experts from industry, from agencies like the Public-Private Infrastructure Advisory Facility, the Global Partnership on Output-Based Aid, Cities Alliance, and from across the World Bank Group.

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