A social commentator has commended the government for launching the Public Private Partnership (PPP) Policy and Act in the country.
The manual provides legal frameworks and guidelines which ought to be followed before and during a partnership between the government and financiers.
The main aim of the manual is to accelerate economic growth, improve quality of life and reduce drastic poverty in the country.
Speaking to YFM, Lucky Mbewe said: “This is a move in the right direction since the Act will help good collaboration between government and the private sector and see how good to develop the country.”
The Malawi Public Private Partnership Commission, formerly the Privatization Commission of Malawi, established a dedicated PPP policy in May 2011.
The Key sectors identified for PPP investment in the country are energy, telecommunications, transport, tourism, public utilities, health and education.
Speaking at the launch of the manual, the Minister of Finance, Economic Planning and Development, Goodall Gondwe said it will bring sanity in contractual processes between the government and the private sector.
Mbewe however called on government to actualize the act so that the country can fully benefit from it in as far as development is concerned.
“Once the Acts have been launched in the country they should be put into practice and map the way forward,” he said.