The HKMA Infrastructure Financing Facilitation Office (IFFO) is hosting a Senior Executive Training Program from 31 July to 4 August 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 Program’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 Program 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 Program 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 cooperate to support capacity building with a view to promoting an efficient and conducive market environment for infrastructure financing.
Mr Eddie Yue, Deputy Chief Executive of the HKMA and Director of IFFO, said, “We are pleased to host this executive program 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. ”
IFC Director for East Asia and the Pacific 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):
(2) CGCOC Group (Hong Kong) Co., Limited
(3) Crédit Agricole Corporate and Investment Bank
(4) Currie & Brown
(5) Deloitte China
(6) Ernst & Young
(7) Japan Bank for International Cooperation
(8) Jardine Lloyd Thompson Limited
(9) Legg Mason Global Asset Management
(10) Malayan Banking Berhad
(11) Mitsui & Co. (Hong Kong) Ltd.
(12) Morgan Stanley
(13) 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 Infrastructure Financing Facilitation Office (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 http://www.iffo.org.hk.
About International Finance Corporation (IFC)
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY16, we delivered a record $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