Post-COVID-19 Economy, Geopolitical Shifts, and the Distortion of PPPs in Southeast Asia
Public-Private Partnerships (PPPs) have been long lauded as a viable financing alternative for Southeast Asian countries to fill in infrastructure gaps and boost economic growth. The changing geopolitical landscape and development priorities particularly since the COVID-19 pandemic, however, have distorted PPP implementation and opened them up to predatory domestic interests—Indonesia being a case in point.