Dhaka, Bangladesh, March 9, 2011—IFC,
a member of the World Bank Group, is working with policymakers and private
sector players to help meet Bangladesh’s ongoing development agenda through
IFC today held a workshop in Dhaka, in partnership with the Prime Minister’s
office and the World Bank.
The workshop highlighted benefits of public-private partnerships such as
sharing knowledge, building institutions, and raising awareness on designing,
structuring, and tendering sustainable projects. It also shared successful
case studies from and lessons on effective public-private partnerships.
“The government is committed to facilitating
the necessary transition to boost Bangladesh’s economic growth and build
on development fundamentals. Public-private partnerships can help
address the country’s immediate infrastructure needs and garner needed
funding for the purpose,” said Abdul Karim, Principal Secretary of the
Prime Minister’s Office.
The event brought together specialists
and expert speakers from around the world. Special guests included
Principal Secretary Abdul Karim and Dr. Mashiur Rahman, Economic Advisor
to the prime minister. Kazi Aminul Islam, Alternate Executive Director
of the World Bank Group, and Thomas Davenport, Director for IFC South Asia,
also attended the event. Others attendees were officials of ministries
and public sector departments of health, transportation, municipal infrastructure,
and private sector and other multilateral partners.
“Bangladesh is considering options to increase private participation in
development,” said Rahman. “A sustainable public-private partnership
model is an important part of our framework for economic growth and infrastructure
Improving quality of services in Bangladesh,
gaining efficiencies, and boosting economic growth through private participation
in social and physical infrastructure were part of the discussions.
The Bangladesh workshop is part of a
series of IFC-led events in South Asia to identify and address stakeholder
concerns and challenges related to public-private partnerships. It
was fourth in the series following earlier sessions in Bhutan, Sri Lanka,
To learn more about IFC in South Asia, please visit www.ifc.org/southasia.
IFC, a member of the World Bank Group, is the largest global development
institution focused on the private sector in developing countries. We create
opportunity for people to escape poverty and improve their lives. We do
so by providing financing to help businesses employ more people and supply
essential services, by mobilizing capital from others, and by delivering
advisory services to ensure sustainable development. In a time of global
economic uncertainty, our new investments climbed to a record $18 billion
in fiscal 2010. For more information, visit www.ifc.org.