ISLAMABAD – With the World Bank has agreed in the Country Partnership Strategy (2015-19) to assist the government in its public private partnership and privatisation programmes, the International Finance Corporation and the Pakistan government signed a framework agreement setting out principles for bilateral cooperation for provision of advisory services.
The framework agreement was signed by Secretary EAD, M Saleem Sethi and Muneer Ferozie, Regional Manager & Head, IFC which, in two phases, would provide assistance on project preparation including feasibility reviews and project tendering covering aspects of prequalification, marketing to potential investors, bidding and signing of the PPP contracts, asset sale and share sale/ purchase agreements with successful bidders.
The deal would help GoP departments to carry out the smooth privatisation transactions and the IFC would contribute by mobilising grant funds to cover the cost of external consultations for project implementation.
