Contingent liabilities create management problems for governments. They have a cost, but judging what the cost is and whether it is worth incurring is difficult. Except in the case of contingent liabilities created by simple guarantees of debt, governments usually can incur contingent liabilities without budgetary approval or recognition in the government's accounts. So governments may prefer contingent liabilities to other obligations. (The uncertainty...
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DETAILS
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2010/01/01
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Working Paper
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101491
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1
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1
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2015/12/01
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Disclosed
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Managing contingent liabilities in public-private partnerships : practice in Australia, Chile, and South Africa
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contingent liabilities
Citation
Irwin, Timothy; Mokdad, Tanya.
Managing contingent liabilities in public-private partnerships : practice in Australia, Chile, and South Africa (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/998191467987871769