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Public–Private Partnerships as a Mechanism of Financing Sustainable Development

  • Bruno S. SergiEmail author
  • Elena G. Popkova
  • Kseniya V. Borzenko
  • Natalia V. Przhedetskaya
Chapter
Part of the Palgrave Studies in Impact Finance book series (SIF)

Abstract

While the obstacles to supporting sustainable development include financial barriers, the goals of sustainable development are being pursued by separate small-scale and narrow private entrepreneurial initiatives within corporate responsibility and own commercial interests and by strictly limited (due to a deficit of financial resources) and ineffective (due to the inflexibility of management) national initiatives in the public interest. Our working hypothesis is that public–private partnership is a perspective mechanism of financing sustainable development, as it allows for harmonizing private and public interests, unifying entrepreneurial and government investments, and developing highly effective and full-scale implementation of initiatives in the sphere of sustainable development. We substantiate and develop practical recommendations for successful usage of public–private partnership as a mechanism of financing sustainable development. Flexibility and variability of the mechanism of public–private partnership ensures its applicability to any project in the sphere of sustainable development. A proprietary conceptual model of financing sustainable development by public–private partnership offers practical solutions to become a conceptual basis and framework practical guide for application of public–private partnership as a mechanism of financing sustainable development.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Bruno S. Sergi
    • 1
    Email author
  • Elena G. Popkova
    • 2
  • Kseniya V. Borzenko
    • 3
  • Natalia V. Przhedetskaya
    • 3
  1. 1.Davis Center for Russian and Eurasian StudiesHarvard UniversityCambridgeUSA
  2. 2.Plekhanov Russian University of EconomicsMoscowRussia
  3. 3.Rostov State University of EconomicsRostov-on-DonRussia

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