In Panama, medical professionals, who have now been on strike for a week, have opposed the project, forcing the legislative process to be suspended, until a consensus can be reached.
The main concept of the bill is that, in contrast to the traditional scheme, where companies are simply contracted by the State for the construction or development of public works, under the adoption of the PPP regime, the private sector would play a greater role in projects, funding the work and then receiving payment for the provision of services, on long-term contracts.
Representatives of employers in El Salvador say the bill submitted to the Legislature does not provide legal certainty to investors.
The draft Law on Public Private Partnerships (PPP) is unsatisfactory to businesses and analysts, and they fear that if passed in its present form, there would be enormous discretion used when carrying out its regulatory functions which would not ensure legal certainty for investors .
Experts from various countries have been discussing the how to make the law successful in terms of attracting foreign investment.
Flexiblity, clarity and the inclusion of detailed processes are the characteristics that should define the new public-private partnership law whose draft version is currently being re-discussed in the country.
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