November 18, 2015
LAS PALMAS- The Institute for Public-Private Partnerships' (IP3) Executive Director, David Baxter, signed an agreement today with Luis Padrón, Director General of Casa Africa, a public consortium led by Spain’s Ministry of Foreign Affairs, the Spanish Agency for International Development and Cooperation, and the Government of the Canary Islands. The agreement will allow the two organizations to collaborate on training for high ranking officials from African governments and public businesses. The signing of the agreement coincided with the U.S. Trade Mission to the Canary Islands, and was also attended by representatives of the U.S. Department of Commerce and the U.S. State Department.
The courses will focus on the financial management of Public-Private Partnerships (PPP’s). PPP’s constitute a fundamental priority for the attraction of private sector financing to fund public infrastructure projects in Africa, and they could add up to more than $90 Billion in volume per year. The development of the capacity of African leaders to implement, manage, and develop these programs is key to improving the investment climate in Africa and, just as important, for their ability to attract financing.
The agreement seeks to facilitate training in Spain in regards to PPPs in Europe and Africa. Casa África's activity forms part of the Spanish Government's foreign policy as a public and economic diplomacy tool. In the public diplomacy field, Casa África works with the aim of promoting good understanding and trust between Spain and Africa, and strengthening Hispano-African relations through dissemination, educational and cultural activities.
In economic diplomacy, Casa África acts as part of the strategy for Brand Spain making known the opportunities that the African continent offers Spanish professionals, companies and investors. To fulfil this mission, Casa África supports internationalization, mainly in the political-strategic area, of Spanish companies who already act or are interested in acting in Africa, and strengthens the collaboration between public and private agents.
For Director General of Casa África, Luis Padrón, the procurement of this agreement is a strategic step for the Canary Islands to establish itself as the European hub for logistics, humanitarian assistance, business, and services in Africa. According to Padrón, Casa África has pursued this objective in full coordination with the Government of the Canary Islands and with the complete support From the Ministry of Foreign Affairs of the Spanish Government.
The Institute for Public-Private Partnerships (IP3), headquartered in the Washington, D.C. area, is a leading PPP advisory services and capacity building provider. Working with governments, corporations, multilateral institutions, and financial entities, IP3 enables clients to build their institutional capacity and to carry out successful P3 projects in the global infrastructure market. IP3 also assists in efforts to commercialize or corporatize public services, and to introduce good governance and accountability standards.
Since its founding in 1994, IP3 has trained over 35,000 officials from 175 countries. IP3 develops highly specialized programs on finance, policy, regulation, and infrastructure management in the energy, transportation, water, and telecommunications sectors, covering all the transactional aspects of public-private partnerships (PPPs). IP3´s institutional clients include the World Bank, the United Nations Economic Commission for Europe (UNECE), the Inter-American Development Bank (IADB), the U.S. Department of Transportation, the U.S. Army Corps of Engineers, The Netherlands´ Department of Transportation, the Government of Myanmar, Tanzania's Ministry of Energy and Minerals, Kenya´s Treasury, and the U.S. Department of Commerce. IP3´s individual clients include senior representatives of national, subnational and private entities worldwide.