世界银行集团多边投资担保机构副总裁兼首席运营官 Karin M. Finkelston 冯桂婷

　　Honorable Minister Shi,

　　Thanks to MOF, Shanghai Government and the China PPP Center for the invitation to this prestigious conference. It is an honor to be here today in Shanghai.

　　We at the World Bank Group have been witness to the significant interest in China’s PPP program, by both domestic and international investors.  Looking at the large turnout today, it is clear that the PPP reform is of great interest to government and private sector.

　　We greatly appreciate China’s continued progress towards a modern regulatory framework for PPPs. Beginning in 2014, the national government started developing a more coordinated approach, strongly influenced by international good practice, to establishing a PPP framework.

　　· A set of policies and regulations have been announced relating to PPPs which set out the high-level definition and scope of PPP, key roles and rights of stakeholders in PPP arrangements, frameworks for Value for Money, fiscal affordability and risk allocation as well as outlining the process for preparation, procurement and approvals. These are in line with international standards of course, as elsewhere, capacities will need to be developed at the implementing agency level to make sure they are properly implemented.

　　· Local governments in China have been active in responding to the central government initiative of PPP promotion. By March 2016, there were over 7,000 planned PPP projects recorded in the PPP information platform established by the MoF, with a total investment of around RMB8.8 trillion, covering 19 major sectors including energy, transportation, water resources, agriculture, forestry, and education.

　　· The World Bank has been providing advice to the MOF on the development of the PPP framework, and I am pleased to note that discussions are ongoing over a possible World Bank loan to support the preparation of PPP projects and to bring these into line with international good practices. MIGA – the WBG institution that I serve as Chief Operating Officer – has also supported innovative public-private partnership arrangements in China mainly in the urban water, wastewater, and solid waste management sectors. MIGA can also support Chinese enterprises investing outside China as we with ICBC in energy project in Kenya. MIGA provides PRI and guarantees to catalyze private debt and equity investors to invest in projects in emerging markets

　　If we look at the global picture, it is clear that we’re not yet fully engaging a critical source of support for tackling the challenge of providing better infrastructure services – the private sector.

　　· Investment commitments to private infrastructure projects in emerging markets were only $112 billion dollars last year, the same as in 2014, and below the five-year average of $124 billion dollars.

　　· There is more work for multilateral development banks and our partners to do to leverage more public and private investment in support of new infrastructure in developing countries.  Supporting measures that give confidence to private investors that their capital will be used efficiently should help.   MDBs have a critical role to play in addressing the infrastructure gap by leveraging finance from others using our balance sheets.

　　· In the World Bank Group, we’ve been looking at ways to significantly ramp up our guarantee activities. MIGA has been actively supporting infrastructure (including Power), issuing guarantees of more than $7.2 billion for infrastructure projects over the last 5 years, resulting in infrastructure making up 51% of our total portfolio. We continue to explore more ways – with our network of bank partners, equity clients, and with World Bank and IFC – to use our suite of political risk insurance and credit enhancement products to enable increased private sector risk-taking in infrastructure, including through PPPs.

　　Among the MDBs we are collaborating a great deal – on project financing, accelerating project preparation, building capacities and sharing good practices and knowledge.

　　· We at the World Bank Group are also working with the new MDBs, the AIIB and NDB, building our relationship and sharing knowledge.

　　· This year the MDBs collectively organized the first Global Infrastructure Forum during the WB-IMF Spring Meetings.   A Chairman’s Statement adopted at the Forum documents the areas which the MDBs and development partners will be following up on over the coming year, covering improving data and information on infrastructure, promoting compatible and efficient approaches, strengthening project preparation, and promoting financing for infrastructure. We have solid commitments underway to deliver these for the next Forum, being convened by the Inter American Development Bank and the European Investment Bank in Washington in Spring 2017.   China has an important role to play both developing the PPP program here in China and sharing its lessons to other countries globally.

　　In conclusion, MDBs – and speaking for World Bank Group especially – continue to work on strengthening our ability to mobilize and support increased private sector participation in infrastructure. Related to today’s event, the World Bank Group is delighted to be supporting the CPPPC in developing and rolling out what promises to be one of the world’s most significant PPP program here in China. Thank you again sincerely for inviting us, and I look forward to this morning’s discussion.

　　Let’s make China PPP Program a win-win for all.

　　来源：财政部PPP中心