Work

Economic Community of West African States (ECOWAS) Public–Private Partnership (PPP) Strategy to Development

Year: 2024

Type: article

Abstract: Many countries around the world have leveraged the potential of partnerships to counter collective challenges and foster development. ECOWAS has looked to partnerships to tackle shared challenges to infrastructural development in its member countries. This study sought to understand ‘how partnerships could foster sustainable development in ECOWAS member nations.’ Using a qualitative method, both primary and secondary data were sourced to mainstream the ECOWAS multilateral Public–Private Partnership (PPP) strategy to foster sustainable development in implementing its 2045 Infrastructure Master Plan. This study finds that such development plans that were hitherto a challenge to implement by ECOWAS member states have received a boost through the World Bank Public Private Infrastructure Advisory Facility (PPIAF). This partnership provided effective diagnostics to improve efficiency, build capacity, identify PPP possibilities, and revamp policy and legal frameworks for PPPs, resulting in better access to more financing, proper implementation, monitoring, and sustainability of infrastructural projects. The ECOWAS PPP framework has been able to allow its member states to leverage the advantages that the private sector has to foster sustainable development. This has poised ECOWAS to be on track to implementing its infrastructure master plan.

Source: Social Sciences

DOI: 10.3390/socsci13100531

Authors: Walnshak Alheri Danfulani, Enver Gülseven

Institution: Girne American University

Language: English

Topic: Public-Private Partnership Projects

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Partnerships for the goals, Decent work and economic growth, No poverty

Open Access status: gold

Estimated APC paid: $2,046