One of the most critical needs of IIFC is to gain the trust and confidence of the Government. The execution of DSAs or TSAs between the Government and IIFC will become easier once this trust and confidence is built. In order to gain the trust and confidence of the Government, IIFC has adopted the following policies:
(a) As the inside sponsor, IIFC needs to have a genuine intention of assisting the ministries and their concerned agencies in promoting private sector participation;
(b) Rapid mobilization (in one month) of high-quality consultants, experienced in Stages II to V, would be one of the key operational strategies;
(c) There should be a good balance of in-house capacity and skills with those of the outside consultants;
(d) Charging the ministry or its agency for the services provided by IIFC should be avoided. The cost should be recovered by charging the ultimate private sector beneficiary of the services, i.e,. the outside sponsor;
(e) IIFC should have in-house knowledge and experience of project development and fully understand the activities in Stages 0 to VI.