World Bank Document

in infrastructure and other largely government-led sectors in a structured and incremental 

manner that builds solid government capacity to manage PPPs. The CPF includes four types of 

intervention toward this end. First, the WBG would engage in policy dialogue to raise awareness 

of PPP options and challenges in each infrastructure sector. Second, it would support building an 

enabling PPP environment comprising legislation, infrastructure sector reform, regulatory bodies, 

and asset holding arrangements. Third, if the business environment becomes conducive, IFC may 

partner with the government in a few pilot PPP transactions with potential demonstration effects. 

Finally, the WBG would support capacity development for ministries and regulatory bodies, 

including technical assistance and South-South learning from peer countries. Activities under this 

fourth objective could also include IFC investment in real sector and infrastructure projects with 

the objective of stimulating job creation and building competitiveness. The jobs impact of these 

activities would arise from greater private sector participation in the economy, including new firms 

entering to work on PPPs. Indicators of progress would include successful privatizations of pilot 

assets with IFC assistance, the number of state-owned firms using IFRS, and the successful 

tendering of PPP projects.