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ECONOMYWATCH: Gov’t to table policy on PPP

Aug 13, 2014, 11:49 AM

The Gambia government draft policy on Public Private Partnership (PPP) will be tabled for validation tomorrow at the Kairaba Beach Hotel.

This laudable exercise is jointly organised by the Gambia Chamber of Commerce and Industry (GCCI) and the Ministry of Finance and Economic Affairs (MOFEA).

A statement from the GCCI states that the PPP forum, which aims to sensitize, discuss and validate the Draft Government Policy on PPP, will consider best PPP practices, share information on PPPs and strategize next steps/actions for effective and efficient PPP development and implementation in The Gambia, taking into consideration the key principles of Value for Money and risk sharing.

“The objective is to build more effective/catalytic partnerships between the government, businesses, and civil society to achieve sustainable and inclusive development (in other words help to deliver PAGE and Vision 2016),” the statement said.

It added: “We expect the PPP Forum to help calibrate and re-focus the Draft Policy and other efforts to maximize the private sector’s development impact; increase trust and accountability among development actors; and support the integration of sustainable development into core operations and business models.”

PPP is an emerging paradigm in development finance led by sustainable private sector finance, supported by the government and other development partners, the statement said.