World Bank Provides US$30million to Support Infrastructure

The World Bank Board of Executive Directors on Tuesday approved an International Development Association (IDA) interest free credit of US$30million to kick-start a new Public Private Partnership (PPP) centred on infrastructure development in the country.The Bank support is the first phase in a series set to close a critical funding gap and to leverage urgently needed private sector investment from 2012-2016. The country’s PPP programme with the World Bank will combine the skills and resources of both the public and private sectors. For its part, the Government will benefit from expertise of the private sector by making it easier for authorities to focus instead on policy, planning and regulation.

 
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