IFFO collaborates with IFC and Harvard on PPP and project finance training programme and announces 13 new partners (with photo)
The Hong Kong Monetary Authority (HKMA) Infrastructure Financing Facilitation Office (IFFO) is hosting a Senior Executive Training Programme from July 31 to August 4 on public-private partnerships (PPPs) and project finance. This tailored training, now running in its ninth year, is organised by the International Finance Corporation (IFC) in partnership with the Harvard Kennedy School (Harvard). IFFO is pleased to host this year's Asia-Pacific session in Hong Kong.
The programme's objective is to advance the dialogue on PPPs and project finance to a broad group of experts and decision makers with a view to fostering the development of infrastructure projects that better address the needs of the population and governments. The programme is attended by 50 senior executives from institutional investors, development and policy banks, project developers and operators, as well as public officials from countries such as Bangladesh, China, India, Mongolia, Nepal, Thailand and World Bank and IFC representatives with experience in advisory and investment areas.
The programme is another deliverable under the Memorandum of Understanding (MoU) signed between the HKMA and IFC in July last year. According to the MoU, both parties agree to co-operate to support capacity building with a view to promoting an efficient and conducive market environment for infrastructure financing.
Deputy Chief Executive of the HKMA and the Director of IFFO, Mr Eddie Yue, said, "We are pleased to host this executive programme with IFC and Harvard. This marks our second collaboration with IFC and continuous commitment in building capacity and knowledge of IFFO partners and other stakeholders. Collaborating with Harvard ensures a rich learning experience on various emerging issues on PPPs and project finance through interactive exchanges among academics, policymakers and industry experts."
The Director of the IFC Regional Office for East Asia and Pacific, Mr Vivek Pathak, said, "Appropriate policies and services can help countries build and manage modern infrastructure more efficiently and effectively. The World Bank Group will continue to support PPPs and create market conditions for sustainable infrastructure development along the Silk Road."
IFFO is also pleased to announce that 13 more organisations have joined IFFO as partners. They are (in alphabetical order):
- CGCOC Group (Hong Kong) Co., Limited;
- Crédit Agricole Corporate and Investment Bank;
- Currie & Brown;
- Deloitte China;
- Ernst & Young;
- Japan Bank for International Cooperation;
- Jardine Lloyd Thompson Limited;
- Legg Mason Global Asset Management;
- Malayan Banking Berhad;
- Mitsui & Co. (Hong Kong) Ltd.;
- Morgan Stanley; and
- Willis Towers Watson.
Mr Eddie Yue said, "It is encouraging that the number of IFFO partners has grown from 41 to over 70 in one year. This clearly demonstrates IFFO is well recognised as an effective collaboration platform bringing together key stakeholders in facilitating infrastructure investment and financing."
About HKMA IFFO
As part of the HKMA, IFFO's mission is to facilitate infrastructure investments and their financing by working with a cluster of key stakeholders. The functions of IFFO are:
- providing a platform for information exchange and experience sharing;
- building capacity and knowledge on infrastructure investments and financing;
- promoting market and product development; and
- facilitating infrastructure investment and financing flows.
For more information about IFFO, please visit www.iffo.org.hk.
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector. Working with more than 2 000 businesses worldwide, IFC uses its capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In financial year 2016, IFC delivered a record USD$19 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org.
Ends/Tuesday, August 1, 2017
Issued at HKT 17:20
Issued at HKT 17:20