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Renegotiation

Renegotiation. Lessons learned from Infrastructure Jeff Delmon Infrastructure, Economics and Finance World Bank. Incidence of Renegotiation of Infrastructure Concessions in Latin America and Average Time to Renegotiation 1988-2001(updated to 2005). Source: Guasch (2004).

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Renegotiation

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  1. Renegotiation Lessons learned from Infrastructure Jeff Delmon Infrastructure, Economics and Finance World Bank

  2. Incidence of Renegotiation of Infrastructure Concessions in Latin America and Average Time to Renegotiation 1988-2001(updated to 2005) Source: Guasch (2004)

  3. Very Low Incidence of Cancelled Concession 1990-2001 Source: Harris (2002)

  4. Lessons Learned • Renegotiation is • … part of the process, NOT necessarily a sign of failure or a bad deal. • … an opportunity to improve the deal and address change proactively. • … a different kind of challenge, requiring transactional and dispute resolution skills – creative innovation. • … an opportunity to provide our clients with critical, strategic support.

  5. The Role of the Bank • Good offices – interested but neutral • Opening communications • Encouraging process/focus on issues • Providing experts/facilitators • Intervention – interested, resourced and neutral • Provide facilitation • Create incentives for resolution • Programmatic assistance

  6. The Role of the Bank • Is the Bank the right party to facilitate: • Bolivia – not perceived as neutral • Cape Verde – process successful • Indonesia – perceived to have capacity • Timing of intervention: • Tanzania - process failed • Columbia – early intervention

  7. Renegotiation Lessons learned from Infrastructure Jeff Delmon Infrastructure, Economics and Finance World Bank

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