Public Private Partnerships of Bangladesh
Since gaining independence, Bangladesh has struggled through several developmental challenges. Present day Bangladesh still requires significant investment in several key sectors, including energy, transport and water supply infrastructure. Private sector investment is widely considered as the optimal method for encouraging economic growth in the country. With this in mind, the government included policy encouraging public-private collaboration in the national budget legislation of 2009, but the policy lacked clear guidelines on how to practically implement the government’s suggestions.
A second, more clear-cut strategy was introduced in 2010 – The Policy and Strategy for Public Private Partnership – and organised the development of essential public infrastructure and services. The policy was adopted as part of the government’s Vision 2021 goal to ensure more rapid, inclusive growth and better meet the need for high-quality public services. As part of the government PPP strategy, the Office for Public-Private Partnership was established to assist with the development and management of PPP projects. A separate PPP unit under the Ministry of Finance was established to oversee the fiscal viability of projects and sanction funding for their development and financing.
More recently, several other plans have been released to help develop specific PPP strategies, including the Guideline for PPP Technical Assistance Fund 2012 and the Guideline for Vulnerable Group Feeding PPP Project 2012. In 2013 a proposed PPP law was drafted