Transparent and accountable public-private partnerships enable inclusive and sustainable growth:UN ESCAPListen /
Asia-Pacific countries must ensure transparency and accountability in Public-Private Partnerships (PPPs), crucial for bridging major infrastructure gaps which are keeping the region from realizing its full growth potential and making it more balanced and sustainable.
That's what the United Nations told a high-level forum in Teheran, Iran on Wednesday.
Donn Bobb reports.
Executive Secretary of UN Economic and Social Commission for Asia and the Pacific (ESCAP), Dr. Noeleen Heyzer told the Third Asia-Pacific Ministerial Conference on Public Private Partnerships for Infrastructure Development that "If we are to make the best use of the opportunities PPP offers for sustainable infrastructure development, we must focus on improving the transparency and the accountability of the projects and make these work for people and our planet."
Dr. Heyzer said in her keynote speech to the Conference that "Risks and rewards must be more equitably shared," adding that "this is the only way to establish a climate of lasting trust and real partnership, and to dispel the perception that PPPs serve vested interests rather than the wider public."
Senior government representatives from over 20 countries at the 14 November Conference event reviewed progress in making public-private partnerships work for infrastructure development in the region as mandated by ESCAP member States.