Islamabad: Economic Affairs Division and the Asian Development Bank (ADB) Friday formally initiated the consultative process for the new Country Partnership Strategy (CPS) 2015-19 based on all inclusive, government’s four Es i.e. energy, economy, extremism & Education and consensus of all stakeholders including the federal government, provincial governments, federating units, civil society and private sector.
The news CPS consultations were launched at Islamabad jointly by Secretary Economic Affairs Division, Ms. Nargis Sethi and Country Director Asian Development Bank, Mr. Werner Liepach . Representatives of all federating units and federal government also participated in the meeting.
The CPS 2015-19 will be country’s first Partnership Strategy which shall be finalized after taking onboard all the stakeholders through a consultative process.
The mechanism has been developed after several meetings and parlays between the country team of ADB and the Economic Affairs Division. The objective of the CPS 2015-19 is to support the government’s objective of high, sustained and inclusive growth in the country.
The CPS 2015-19 envisages partnership in energy, transport, water resources management and irrigation, urban development, finance and public sector management.
The strategy is built on theme of greater emphasis on public-private partnership, regional connectivity, knowledge solutions, mainstreaming gender and environmental considerations. It also seeks to exert considerable efforts for mobilization of commercial as well as official co-financing to leverage the ADB resources for the greater benefit of the country.
The Strategy also proposed to put in emphasis upon effective project implementation and result monitoring. The strategy proposes to focus areas like investment and reform in infrastructure and resources mobilization and reform to increase private sector participation in the economy.
According to CSP 2015-19, the ADB shall conclude consultation with all governments, development partners, civil society organizations and private sector till mid of September 2014.
The strategy so evolved on basis of consultations will be discussed and confirmed by EAD (Government of Pakistan) by the end of November 2014 and the same will be presented before ADB Board in February 2015.
Speaking on the occasion Ms. Nargis Sethi thanked the ADB country team headed by Mr. Werner Liepach for the effective engagement with government of Pakistan and coming up with positive results oriented strategy.
She informed the meeting that government has approved the vision 2025 in the NEC meeting that envisages four Es, energy, economy, extremism and education identified as crucial for the development of the country.
The Vision 2015, she said underscores priority areas as energy, security, sustained and inclusive higher growth, private sector led growth, internal resources mobilization, modernization of infrastructure, social capital, strategic regional initiatives, institutional reforms and governance.
She said that Pakistan and ADB partnership has come a long way and has entered a new era where development strategy will be designed according to the priorities and need of the federation and the federating units.
She appreciated the ADB’s crucial role in assisting the country in multidimensional sectors including the most crucial sector of energy. She remarked that ADB’s support in Jamshoro coal fired power plants has ushered in new era of development in the country for which all efforts will be made to meet its timeframe. She said that in future Pakistan looks forward to more constructive and result oriented engagements with ADB.
Mr. Werner Liepach while thanking the Secretary EAD for her continued guidance and support reiterated the ADB’s commitment to work for comprehensive and inclusive economic growth of the country.
He said that the ADB will replicate the coal fired Jamshoro like projects in the country based on the result of the present project. He reiterated the resolve to meet all the timelines related to the project.
He said that ADB would provide maximum resources not only from its own portfolio allocated for Pakistan but will also mobilize private sector to participate the overall economic growth of the country in the sectors identified to be crucial in the Strategy.
The representatives from all federating units gave their suggestions regarding the strategy. The Federal Government Ministries’ representatives also put forth their suggestions related to their domain for its inclusion in the strategy.