Strengthening Fiscal Governance and Sustainability in Public-Private Partnerships

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In line with the Asian Development Bank (ADB) Strategy 2030 operational priority of strengthening governance and institutional capacity, this knowledge and support technical assistance (TA) responds to developing member country (DMC) requests to strengthen public sector capacity to catalyse infrastructure investmentsincluding through publicprivate partnerships (PPPs)in fiscally responsive, development-relevant ways. The TA complements ADB's private sector operations by supporting operations departments to create improved conditions to engage the private sector. Aligned with ADB's PPP Operational Plan 20122020, the TA will support DMCs in improving institutional and regulatory structures to manage PPP appraisal, vet and manage risk, and carry out monitoring and evaluation of PPPs. The TA will (i) strengthen the traction of PPP development efforts; (ii) promote fiscally sound public financial management (PFM) frameworks for PPPs; and (iii) improve government capacity to design, implement, and manage PPPs (drawing on lessons from international experience). The TA is included in the 2019 results-based work plan of ADB's Sustainable Development and Climate Change Department.