Opportunities and challenges of public private partnerships on the example of Georgia

In the modern world, public-private partnerships (PPPs) are becoming an increasingly popular tool for infrastructure and public service delivery worldwide. As an innovative approach to public procurement, PPPs, the possibilities of public-private partnerships in public administration have also attracted significant attention from academic circles, which makes the study of the issue even more interesting and relevant. In general, the governance literature emphasizes the role of markets, networks, and non-state actors. In doing so, it weakens the distinction between states and other spheres of social order. All social and political regimes seem to depend on a model or form of government, however informal it may be. Global support for public-private partnerships (PPPs) in infrastructure appears stronger than ever. Discussions at a number of summits over the past few years have increasingly focused on the need for massive infrastructure investment in developing countries, particularly low-income countries. Governments in developing countries face enormous challenges in financing, implementing and maintaining the infrastructure to provide and maintain basic services for their citizens and promote economic growth. Despite significant strides in recent years in emerging markets, many people still lack access to reliable and secure basic services. PPPs have shown that they can, under the right circumstances, promote growth and improve service delivery, clearly indicating the importance of PublicPrivate Partnerships (PPPs) for Georgia.