Public-Private Partnership In Belarus

Introduction

The «Public-private partnership» (hereinafter – the «PPP») is normally understood as forms of interaction and cooperation between a state and business to solve social problems on mutually beneficial terms. A significant event in the development of the PPP was the creation of an appropriate model in the UK – Private financing initiative (PFI), which was a private company to raise funds to finance the construction of public facilities. In Belarus the PPP is still in its infancy stage and in the process the development of appropriate instruments and institutions, while in countries with developed market economies the PPP has existed for a long time as an element of the economic system. The PPP is a complex phenomenon, which has an economic and political sense.