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IFC Helps Nepal Scale up Public-Private Partnerships for Improving Infrastructure, Accelerating Growth


In New Delhi:
Minakshi Seth
Phone: +91 11 4111 1000
E-mail:
MSeth@ifc.org  

In Dhaka:

Javeed Ahsan

Phone: +88 017 3005 1277
E-mail:
AAhsan1@ifc.org



Kathmandu, Nepal, November 30, 2012
—IFC, a member of the World Bank Group, is supporting the government of Nepal in scaling up public-private partnership programs to implement projects that will help advance basic infrastructure and accelerate economic development in the country.


IFC will assist the government, helping it lead efforts in public-private partnership projects to develop airports, roads and tourism, a priority for Nepal. IFC will assist in identifying projects and setting transparent standardized bidding procedures in consultation with stakeholders. Additionally, the initiative aims to improve the enabling environment, developing a regulatory, institutional and policy framework for implementing public-private partnerships effectively.


“IFC's expertise will enable us to better structure private participation in the upcoming public infrastructure projects,” said Radhesh Pant, Chief Executive Officer of Nepal Investment Board. “We need to tap into such partnerships more proactively.”


Most infrastructure projects in Nepal so far have been funded out of the national budget. Private sector participation in such projects can help address critical infrastructure gaps cost-effectively. According to a White paper by Nepal’s National Planning Commission, the government has accepted public-private partnerships as an alternative source of building assets.


“This initiative should help unlock the huge potential of public-private partnerships in Nepal,” said Val Bagatsing, IFC Resident Representative for Nepal. “IFC’s global expertise will help to overcome the challenges in doing this.”


IFC offers advisory services to national and municipal governments on structuring public-private partnerships for basic amenities such as infrastructure, health and education.


About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org.

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