IIFC is expected to operate on a commercial basis after the initial phase of three years. In order to perform its functions on a commercial basis, IIFC has developed a set of key business strategies, which include:
(a) Advise, guide, promote and support private sector participation in the light of government policies, actions by ministries and their agencies and market demand. However, IIFC would not be a party to any agreement or transaction between the Government and the private sector developer;
(b) Be selective in choosing projects to secure the maximum impact from limited resources;
(c) Stress transparency in all activities of public interest;
(d) Operate in a commercial manner, securing cost recovery for services provided where possible;
(e) Operate through a small number of highly qualified professional staff and supported by swift deployment of consultants, usually within one month;
(f) Segregate and earmark the private sector projects through the annual development programme at the national level.3
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3 IIFC is advocating the adoption of the "Private Sector First Policy" by the Government. Under the policy, a separate annual development programme (ADP) would be prepared for the private sector. The idea is that the private sector will have the first right to implement infrastructure projects included in this ADP in preference over the public sector. The policy is being discussed and is under active consideration by the Government