Liu, Lili, and Juan Pradelli. 2012. “Financing Infrastructure and Monitoring Fiscal Risks at the Subnational Level.” Policy Research Working Paper 6069. Washington, DC: World Bank.

"Key References: Public Financial Management for PPPs" Proposes a more rigorous monitoring framework of fiscal risks imposed by PPP debt by using a minimum set of five subnational debt indicators which also considers the SPV’s debt.

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