Public-Private Partnerships crucial to finance development in Africa, says Songwe
A three-day forum showcasing projects and approaches to people first Public-Private Partnerships and how the United Nations is working together as one to implement the 2030 Agenda for Sustainable Development opened in Geneva Wednesday with Economic Commission for Africa’s (ECA) Executive Secretary, Vera Songwe, calling for the advancement of PPPs to finance development in Africa. In a keynote address to the 4th International Public-Private Partnerships Forum, Ms. Songwe said the private sector has a huge role to play as an important driver of growth and poverty reduction on the continent given the significant financing challenges being faced by governments as they strive to achieve the SDGs. There are success cases on the continent, said Ms. Songwe. “In the energy sector, PPPs have been done well and right. This now provides opportunity for the private sector to replicate similar projects, based on lessons learned,” she told delegates to the Forum. Ms. Songwe said two major lessons that have emanated from this experience include the need for stability of PPP contracts; and reasonable allocation of risks. She acknowledged that UN Regional Commissions are playing a significant role through exchange of information, experience and ideas, given the current numerous global changes.
| Format: | Press release biblioteca |
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| Language: | eng |
| Published: |
2019-05
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| Online Access: | https://hdl.handle.net/10855/44644 |
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