Ver Angola

Banking and Insurance

World Bank trains specialists in public-private partnerships in the country

The World Bank is preparing the creation of a nucleus of technicians who can guarantee the success of policies in the country within the framework of public-private partnerships, announced the representative of this multilateral financial institution.

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Speaking as part of the International Certification in Public-Private Partnerships (PPP) course, which ends Friday in Luanda, Olivier Lambert stressed that it is important for technicians to be trained to deal with the issues that arise in this type of public procurement and to have real contact with the operation of PPPs.

For the World Bank official, it is essential that the technicians are aware that PPPs are one of several types of public investment, but made with private money, and that the fact that the contracting model is this is not enough to turn a bad project into a good one.

The fact that the Government wants to open the country up to foreign investment in order to get out of the economic crisis is another reason why PPPs work, since the private sector can be the driving force behind the national economy.

The World Bank, he added, has been asked to provide technical assistance to the Government's programme including the monitoring and definition of the main priority projects.

Promoted by the Ministry of Economy and Planning in partnership with the World Bank, the course will deliver the International Certificate in PPPs to those technicians who demonstrate an understanding of the fundamental principles and approaches of these partnerships.

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