PUBLIC-PRIVATE PARTNERSHIP IN PAKISTAN 1. The infrastructure needs of a growing population in a developing economy like Pakistan
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2. PPPs also bring fiscal risks. These need to be mitigated and managed. To address these challenges, governments usually try to introduce PPP legal and institutional reforms to develop technically sophisticated PPP ecosystems that identify, structure and eventually only pursue PPP proposals that can maximize value-for-money (VfM) to tax-payers. These ecosystems exist to carry transactions from identification stage to execution, and ensure PPP transactions are development-relevant and fiscally-responsible. These ecosystems are as crucial for development outcomes as they are demanding in terms of technical capacity. It is the development of these PPP development frameworks that Pakistan urgently needs to pursue, which is an ongoing process, achieved to different degrees so far.
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