slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Mobilizing the Private Sector for Public Education: The Role MIGA Can Play Frank J. Lysy Chief Economist, MIGA June 8, PowerPoint Presentation
Download Presentation
Mobilizing the Private Sector for Public Education: The Role MIGA Can Play Frank J. Lysy Chief Economist, MIGA June 8,

Loading in 2 Seconds...

play fullscreen
1 / 9

Mobilizing the Private Sector for Public Education: The Role MIGA Can Play Frank J. Lysy Chief Economist, MIGA June 8, - PowerPoint PPT Presentation


  • 188 Views
  • Uploaded on

Mobilizing the Private Sector for Public Education: The Role MIGA Can Play Frank J. Lysy Chief Economist, MIGA June 8, 2007. What MIGA Does. Member of World Bank Group MIGA has its own balance sheet Small: Only 100 staff now Sells Political Risk Insurance to Private Foreign Investors .

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Mobilizing the Private Sector for Public Education: The Role MIGA Can Play Frank J. Lysy Chief Economist, MIGA June 8,' - roddy


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Mobilizing the Private Sector for Public Education: The Role MIGA Can Play

Frank J. Lysy

Chief Economist, MIGA

June 8, 2007

what miga does
What MIGA Does
  • Member of World Bank Group
  • MIGA has its own balance sheet
  • Small: Only 100 staff now
  • Sells Political Risk Insurance to Private Foreign Investors
miga s pri covers
MIGA’s PRI Covers
  • Transfer and Convertibility
  • Expropriation
  • Breach of Contract
  • War & Civil Disturbance

Investor can choose any one, or up to all four

Pays premium based on risk (to MIGA)

traditional private projects
Traditional Private Projects
  • Sale in a competitive market, by competing suppliers
  • Hence:
    • Price as measure of value at margin
    • Private cost at margin generally approximates social cost (other than for externalities and subsidies)
  • PPP’s very different
  • Must confirm to be of social value
ppp s must meet four tests
PPP’s: Must Meet Four Tests
  • Does the PPP structure make sense?
  • Was the PPP contract or concession awarded appropriately?
  • Is there a positive social return (ERR)?
  • Is there adequate fiscal space?
gabon vocational education
Gabon Vocational Education
  • Private firm would design curriculum, rehab buildings, install computers, and manage for six years
  • Some student fees, but also govt support
  • Negotiated contract, with alternative suppliers considered
  • Reasonable ERR likely
  • Structure reasonable, although not ideal
gabon vocational education1
Gabon: Vocational Education

Banks

Project

Manager

Management

Contract

$4.6m

Over 6 yrs

Principal &

Interest on

10 year loan

$56.3m

Performance

Bond

$0.7m

After 3 yrs

Gabon National Agency for Vocational Education

Counter-Guarantee of Ministry of Finance

slide9

Thank you!

Frank Lysy

FLysy@worldbank.org

For more information visit

www.miga.org