Abstract
Extract: The current importance of public debt requires governments to increasingly shift towards Public-Private Partnerships (PPPs). They are long-term contracts of private financing methods providing or contributing to public service. The payment is made by the public partner and/or users of the service.
The World Health Organization (WHO) defines this type of partnership as ‘‘a means to bring together a set of actors for the common goal of improving the health of populations based on mutually agreed roles and principles.’’
Historically, the principle of PPP was established by the Private Finance Initiative (PFI), launched by the conservative government of John Major in 1992. It was from this moment that this model quickly spread to the rest of the world. In the mid-90s and from Australia, the PPP agreement began to become part of the language of governments. In 1997, Labour with Tony Blair leading, strongly developed this management method, first and particularly in hospitals and then, in the entire public sector and spreading to the Royal Navy. Today, 10-15% of British public investments are made using the PFI method.
References
Dowdeswell, B., Beck, B. T., & Gjötterberg, E. The New Karolinska Solna Hospital, Stockholm, Sweden. Capital investment for health Case studies from Europe. 2009; 57-190. [Accessed 29th May 2021]. Available From: https://www.euro.who.int/__data/assets/pdf_file/0014/43322/E92798.pdf#page=70
Acerete B, Stafford A, Stapleton P. Spanish healthcare public private partnerships: The ‘Alzira model’. Crit Perspect Account. 2011 Aug; 22(6):533-549. https://doi.org/10.1016/j.cpa.2011.06.004
Shaoul, J. The Private Finance Initiative or the public funding of private profit? The Challenge of Public-Private Partnerships: Learning from International Experience. 2005; 10(1): 190. [Accessed 29th May 2021]. Available From: https://ideas.repec.org/h/elg/eechap/3210_10.html
Maltby, N. Public Private Partnerships in the Health Sector. Eur Pub Private Partnership LRev. 2007; 2(4): 211-29. [Accessed 29th May 2021]. Available From: https://www.jstor.org/stable/26695233
Nikolic, I. A., & Maikisch, H. Public-private partnerships and collaboration in the health sector: an overview with case studies from recent European experience. Health, Nutrition and Population (HNP) Discussion Papers. 2006; 1(1).
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright (c) 2015 Khalid Bouti and Rajae Borki
