By Sarah CharangwaAdvertisementsPUBLIC-private partnerships (PPPs) hold the promise of substantial transformative effects across various sectors. By combining the strengths and resources of both public and private entities, these collaborations can foster innovation, enhance service delivery and tackle complex issues more effectively.The International Monetary Fund (IMF) defines PPPs as an arrangement where the private sector supplies…
Public-private partnerships can have transformative effects
Key areas where PPPs can lead to transformative change include infrastructure development, innovation and efficiency, risk sharing, capacity building, sustainable development and job creation and economic growth.