PROINVERSIÓN SHARES EXPERIENCE IN PUBLIC-PRIVATE PARTNERSHIPS WITH ECUADORIAN OFFICIALS
Lima, August 15, 2024.- Institutional collaboration. The Private Investment Promotion Agency - PROINVERSIÓN shared knowledge, experiences and best practices in the development of projects and awards through Public-Private Partnerships with officials from the Secretariat of Public Private Investment of Ecuador (SIPP).
The delegation, led by the Secretary of Public-Private Investments, Pablo José Cevallos, met with PROINVERSIÓN’s line directors, who discussed various topics including the regulatory framework for PPPs, environmental and social management, best practices in investment promotion, mechanisms for attracting investments (such as advance recovery of General Sales Tax and legal stability agreements), allocation of teams for project evaluation, monitoring of projects, as well as experience in road, port, airport, and health projects.
Highlighting the technical visit, PROINVERSIÓN's executive director, José Salardi, mentioned that the agency maintains inter-institutional relationships with public and private organizations, both national and international, through agreements and partnerships to strengthen capabilities and other activities related to private investment promotion.
In Peru, between January 2023 and July 2024, PROINVERSIÓN awarded 20 public-private projects for more than US$7.4 billion and for the period 2025 - 2026 it has a portfolio of 70 projects for US$16 billion.
Meanwhile, the Secretary of Public Private Investments, Pablo José Cevallos, highlighted the work of PROINVERSIÓN as a regional benchmark in public-private contracts and best practices, to be adapted to the Ecuadorian model.
In 2023, PROINVERSIÓN and Ecuador's SIPP signed an inter-institutional cooperation agreement to exchange experiences and provide active assistance to fulfill their functions, objectives and goals.
The agreement includes the transfer of knowledge related to PPPs, since SIPP is a public law entity, attached to the Presidency of the Republic of Ecuador, whose purpose is to promote, attract, facilitate, materialize and maintain investments derived from PPPs and delegated management in Ecuador.
Source: Press Release – PROINVERSIÓN