Last spring, Honduras took a major step forward in improving transparency and accountability for public-private partnerships (PPPs) by launching an online platform that would allow public access to detailed information about these activities
. with the support of the World Bank and in coordination with the Construction Industry Transparency Initiative (CoST), allows access to information on PPP projects for their entire project cycle. This is a significant achievement that promotes transparency in the planning, acquisition, implementation and monitoring of PPP in Honduras, making information easily accessible to citizens.
The portal is also hosted by the Public Works and Contracts Surveillance and Monitoring System (SISOCS, in Spanish), an effort by the Honduras government to make procurement procurement and project management transparent
When we launched in April, we commented that transparency and accountability are essential to the success of PPPs for many reasons. Firstly, they promote greater access to information and thus reduce corruption, which increases people’s confidence in these projects.
In addition, these initiatives ensure that objective criteria are met during procurement procedures, reduce renegotiation of contracts, companies, and drive investors more. All of these, in turn, contribute to the growth of the PPP market and raise citizens’ awareness of the importance PPPs have for development as an alternative way of financing critical infrastructure services.
That is why we, at the World Bank, this project, which started in September 2016, and is part of a wider PPP support agenda in Honduras.
The reason is simple: there is a significant difference in funding between the needs of the region and the resources available in the public sector. Consider that in the infrastructure sector, this gap is about 180 billion dollars a year.
To help bridge this gap and maximize development funding, it is essential to attract the private sector. To do this, it is imperative to improve the transparency and accountability of governments and institutions. This is an advantageous situation: increasing investor confidence, increasing the trust of citizens — of the most important stakeholder
In this spirit, the World Bank has supported several initiatives that address transparency and accountability in recent years. An example is the support that we have given the country to join global initiatives such as CoST and the Open Government Partnership.
I want to note that we are currently promoting a discussion in Honduras on the use of open data in:
It contributes to increasing responsibility and assisting decision-making processes related to public policies, as well as defining priorities and budgets
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