The EIU’s Latin America and Caribbean Infrascope listed Venezuela lowest in the region’s PPP readiness scale. Venezuela’s infrastructure investment is squarely in state hands and centralized in the federal government. Financing is mainly obtained via off-balance-sheet mechanisms or, indirectly, from the working capital of private companies that are awaiting payment from the government for services rendered. The participation of entities other than the Venezuelan government in infrastructure investment is typically done with direct negotiations and bilateral agreements.
Although Venezuela has a concession framework and conflict-resolution rules in place and the laws enable PPPs, certain sectors like water and transport are precluded from receiving private capital. Generally, macroeconomic challenges and uncertainty regarding the direction of government policies possibly make investments less viable.
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