A Project Development Fund for Mongolia’s Public-Private Partnerships
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Public–private partnerships (PPPs) are changing the way by which governments across Asia and the Pacific deliver public services in the face of budget constraints.
Many countries have established project development facilities (PDF) to strengthen their PPP programs. This paper draws on international experience to design a suitable PDF for Mongolia to ensure that the country’s PPPs are robust and sustainable. Suggestions include calling on revolving funds to meet the high up-front project costs. The PDF initiative should also be complemented by a broader reform program to strengthen not only project development but also project identification and prioritization
- Development Context
- Why Use a Project Development Facility?
- PPP Laws: Trends and Content
- Observations from Other Countries
- A Model Project Development Facility
- Key Issues to Consider
- Concluding Thoughts