A number of projects that could be implemented using PPP were presented and discussed in special workshops during a high-level forum in Tunis, including a discussion on PPP prospects in local communities.
The International Finance Corporation (IFC) in partnership with the Tunisian Ministry of Development, Investment and International Cooperation, the General Commission for Public-Private Partnership, and the European Bank for Reconstruction and Development (EBRD), held the high-level global forum on public-private partnerships (PPP) to boost investment in key sectors.
The global forum, which took place this week on Tuesday, is part of the government’s commitment to adopt new mechanisms to advance investment, boost growth, and open up opportunities for national and foreign private investment, easing the burden on public finances.
“Governments in MENA urgently need to improve the quality of their infrastructure,” said Mouayed Makhlouf, IFC regional director for the Middle East and North Africa.
“IFC is committed to helping governments meet this challenge through mechanisms like PPPs, which play a strong part in funding vital infrastructure projects and improving service delivery, and forums like this one provide an excellent way to move the discussion and projects forward,” Makhlouf added.
IFC has advised governments across the MENA region on PPP transactions in a number of sectors including airports, roads, public transport, power generation and distribution, water and wastewater, health, education, and waste.
“International institutions like EBRD and IFC together with the private sector can play an important role along with the state in developing sustainable economic growth, with better infrastructure. We stand ready to provide substantial support for the realisation of this pipeline, through project preparation and financing,” said Pierre Heilbronn, EBRD Vice President for policies and partnerships.
The high-level forum brought together international experts as well as key players from the financial, investment and advisory sectors; senior officials from regional and international financial institutions, banks and investment funds; leading local and foreign investors; and representatives of the Tunisian administration, national organisations and civil society.