Foreign Experiences in Risk Management in Financing Social Investment Projects Based on Public-Private Partnerships

This scientific article is devoted to the issues of identifying, assessing and managing risks arising in the process of financing social investment projects (education, healthcare, utilities) implemented on the basis of public-private partnership (PPP) mechanisms. During the study, a comparative analysis of the best practices of the United Kingdom, Australia, Canada and developing countries was conducted. In particular, Value for Money (VfM) analysis, risk allocation matrix and mechanisms for ensuring financial stability were studied. The article develops scientifically based proposals for mitigating demand risk, exchange rate fluctuations and political risks, based on the specific characteristics of projects in the social sector. The results obtained are of great importance for encouraging private capital participation in the development of social infrastructure and minimizing fiscal risks in the conditions of Uzbekistan.