Kazakhstan:
Uncontrolled Growth Of ‘Fake' PPPs In Kazakhstan — What To Expect?
28 May 2019
GRATA International
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Three local level public–private-partnership (PPP)
projects are on the brink of collapse due to the relevant
local state body of the Mangistau region failing to meet its
obligations under the PPP agreements and to pay on time to the
respective private partners for constructed and operating
kindergartens. It was alleged that the money needed for these PPP
projects did not appear on the books of the local government in
time, even though the respective PPP agreements, evidently, were
duly executed and registered.
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This article was first published in Islamic Finance news Volume
16 Issue 17 dated the 1st May 2019.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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