Enabling PPP in Bangladesh Sample Clauses

Enabling PPP in Bangladesh. The Government’s initiative to promote investments in the various infrastructure subsectors through comprehensive policy, regulatory, market, and financing support will serve as the facility’s overarching policy framework for enabling PPP. In 2010, the Government issued the Policy and Strategy for PPP to facilitate the development of core sector public infrastructure and services. The policy prioritizes increased investment in infrastructure and provides a framework to attract domestic and international investors to join in partnership with the Government in building and upgrading core infrastructure. These efforts culminated in the enactment of the PPP law17 in September 2015. Although no specific targets are specified for PPPs, the 7th FYP aims to substantially increase the amount of PPP investment from an average 0.2% of GDP in FY2015 to around 1%–2% of GDP annually.18 As such, the Government has given a broader mandate to IDCOL for promoting PPP projects and plays a larger role in mobilizing and providing finance to the private sector for infrastructure development.
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