Pakistan - Operational Design for the Project Development Fund and for the Viability Gap Fund

This final report is the fifth
deliverable for the World Bank funded project
'operational design for the project development fund
and for the viability gap fund'. Taking into account
feedback and further consideration of issues rose in the
previous Reports, it aims to: provide high level
recommendations on the overall Public Private Partnership
(PPP) framework in Pakistan, recognizing international best
practice but also taking into account the specific Pakistan
context and the challenges faced their-in; provide the
analysis of the project pipeline for PPP projects in
Pakistan, on the basis of consultations undertaken in
Islamabad in May 2009; and design possible structures for
the Project Development Fund (PDF) and for the Viability Gap
Fund (VGF), that is informed by the current local enabling
environment for PPPs, including the institutional
capabilities and the existing pipeline of PPP projects. This
final report incorporates feedback from the World Bank and
the Government of Pakistan on each of the above-listed
issues, which were set out and discussed in details in
previous reports.