MONROVIA, May 1 (LINA) -The Chairman of the National Investment Commission (NIC), Michael Wotorson, says the Commission is in the process of developing a draft Public, Private Partnership (PPP) policy for the country.

Mr. Wotorson said PPP arrangements across the world hold the most promise because when there is a clear PPP policy that provides some level of protection to investors in a particular country, financing under those PPP arrangements is easier.

According to the Liberia News Agency (LINA), the NIC Chairman made the disclosure Thursday when he addressed the Ministry of Information, Cultural Affairs and Tourism (MICAT) regular weekly press briefing in Monrovia.

Wotorson emphasized that currently, there is enormous amount of PPP arrangements in Liberia, particularly in the infrastructure sector.

“But in order to open those doors and make those connections begin to happen, we have to have a policy framework in place that not only attracts investors, but also protects their investments and protects the nation,” he stressed.

Wotorson indicated that the NIC intends to share the draft PPP policy with its colleagues, in particular PPP Regulators in the United States, as well as other organs of the Liberian Government, to move forward quickly and begin to unlock the potentials the PPP has to offer.

By Hilary Vasco Wiagbe
LINA HVW/TSS/PTK