Technical Assistance for Government Debt & Infrastructure Finance - Ecuador 02 IFT

$27K USD

Funder	Department of the Treasury
Recipient Organization	Citibank, N.A.
Country	Ecuador
Start Date	Oct 20, 2019
End Date	Dec 26, 2021
Duration	798 days
Number of Grantees	23
Roles	Recipient
Data Source	US Foreign Aid
Grant ID	`142481-75`

Grant Description

This project will provide technical assistance to the newly established Public Private Partnership (PPP) unit in the Ministry of Economy and Finance (MEF).

In 2016, Ecuador passed a law on PPPs and Foreign Investment with incentives such as tax benefits for undertaking public infrastructure projects including ports, airports, highways, electricity and urban mass transit.

The law introduced essential elements regarding rules for structuring PPPs, features for private initiatives and mechanisms for compensation following early termination, and the like. This law was enacted to close gaps in existing laws necessary to initiate successful infrastructure PPP projects.

The Advisor will provide infrastructure technical assistance to the Director of the PPP Unit at the MEF in the following areas: (1) Develop concession strategies for projects and enterprises to attract private sector investment; (2) Develop analytical framework for prioritizing projects for economic viability; and, (3) Build institutional and personnel capacity within the PPP Unit..