Odisha Government Partners with World Bank Member for Asset Monetization – The New Indian Express

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By Express press service

BHUBANESWAR: The government of Odisha and the World Bank member International Finance Corporation (IFC) have recently partnered to attract private sector investment in state infrastructure through a monetization and asset recycling.

The program, part of broader technical assistance from the World Bank Group, will facilitate the monetization of existing public sector assets and enhance economic growth by unlocking the value of large-scale public investments in infrastructure assets. industrial wastelands.

IFC will support the selection and development of a priority list of marketable state-owned brownfield assets for selected sectors that can identify and further define bankable pilot projects to bring to market to attract investment from the private sector.

Globally, developing countries have adopted various forms of asset monetization and recycling approaches to generate funds for their economic growth. While the Center has deployed the National Monetization Pipeline (NMP) to address this issue and stimulate the economy, states are also exploring opportunities and projects in electric transmission, power generation (including renewables and large hydroelectric storage projects), highways and land infrastructure related to transport and storage are on the list of pilot projects.

With the impact of economic shocks limiting fiscal space in many countries, said Wendy Werner, Country Manager, IFC (India), the need for innovation to finance the infrastructure gap, especially through private investment, is more crucial.

“India has enormous potential to monetize its brownfield infrastructure assets and upgrade them to international standards to meet the demands of a growing urban population. IFC will offer its global expertise to attract private infrastructure financing in Odisha,” she added.

Chief Secretary Suresh Chandra Mahapatra said the partnership with IFC in asset identification can be leveraged to attract more private sector investment into the state. “It will help us fill some of the funding gaps by improving and modernizing infrastructure,” he hoped.

BHUBANESWAR: The government of Odisha and the World Bank member International Finance Corporation (IFC) have recently partnered to attract private sector investment in state infrastructure through a monetization and asset recycling. The program, part of broader technical assistance from the World Bank Group, will facilitate the monetization of existing public sector assets and enhance economic growth by unlocking the value of large-scale public investments in infrastructure assets. industrial wastelands. IFC will support the selection and development of a priority list of marketable state-owned brownfield assets for selected sectors that can identify and further define bankable pilot projects to bring to market to attract investment from the private sector. Globally, developing countries have adopted various forms of asset monetization and recycling approaches to generate funds for their economic growth. While the Center has deployed the National Monetization Pipeline (NMP) to address this issue and stimulate the economy, states are also exploring opportunities and projects in electric transmission, power generation (including renewables and large hydroelectric storage projects), highways and land infrastructure related to transport and storage are on the list of pilot projects. With the impact of economic shocks limiting fiscal space in many countries, said Wendy Werner, Country Manager, IFC (India), the need for innovation to finance the infrastructure gap, especially through private investment, is more crucial. “India has enormous potential to monetize its brownfield infrastructure assets and upgrade them to international standards to meet the demands of a growing urban population. IFC will offer its global expertise to attract private infrastructure financing in Odisha,” she added. Chief Secretary Suresh Chandra Mahapatra said the partnership with IFC in asset identification can be leveraged to attract more private sector investment into the state. “It will help us fill some of the funding gaps by improving and modernizing infrastructure,” he hoped.

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