Benchmarking Infrastructure Development is a World Bank Group report that annually assesses the quality of regulatory frameworks worldwide to develop large infrastructure projects, benchmarking them with internationally recognized good practices.
ISIR Consulting provided technical inputs into the Benchmarking Infrastructure Development 2020 –Somalia. Abdirashid Salah, founder of ISIR Consulting has been noted as an expert contributor to the report further cementing the firm’s professional commitment in improving the Public-Private Partnerships (PPP) provisions in Somalia and beyond.
Building on previous reports in the series, Benchmarking Infrastructure Development 2020 assesses public-private partnership (PPP) regulatory frameworks in 140 economies, expanding coverage to include a pilot assessment of 40 economies’ use of traditional public investment for infrastructure development.
Appropriate, effective regulatory frameworks and institutional capacity are crucial for ensuring that investments in infrastructure are carried out strategically and efficiently. A supportive regulatory framework also reduces the costs and risks of carrying out individual projects, which provides the private sector with a more predictable and safe environment to invest.
With 189 member countries and offices in over 130 locations, the World Bank Group, one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions (IBRD —The International Bank for Reconstruction and Development; IDA – The International Development Association; IFC — The International Finance Corporation; MIGA — The Multilateral Investment Guarantee Agency; ICSID — The International Centre for Settlement of Investment Disputes) work for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
Further details, methodological information, and the complete dataset is available online at the project’s website: http://bpp.worldbank.org.
Read the Somali survey here: https://bpp.worldbank.org/economy/SOM?survey=PPP
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