Frankfurt

PUBLIC-private partnership (PPP) schemes can play a useful role in helping to close the huge gap in the provision of infrastructure funding in Asia and beyond, but are not a panacea, said the president of the Asian Development Bank (ADB) on Friday.

Takehiko Nakao, speaking at his closing press conference at the ADB's Frankfurt annual meeting, stressed: "We cannot use PPP for every project. That is why I also want to stress the importance of government revenue-collection efforts, so that governments can invest in (infrastructure projects such as) rural roads and primary schools and so on, using their own resources."