An Emerging Trend

PPP is increasingly being used in emerging markets as a tool for funding vital investment in infrastructure – in some cases its use is even more prevalent than in developed economies. Here, we examine Iran and Tajikistan, both of which are looking to use PPP to encourage private sector participation. Many consider these countries to be the next 'emerging markets' for investment but, historically, in neither have there been opportunities for the private sector to develop, finance and operate infrastructure assets.

Compare and contrast

Iran and Tajikistan have both faced major set-backs in their economic development. The economic sanctions imposed on Iran are arguably the strictest ever imposed on a country. Tajikistan, which only became independent in 1991, plunged into a devastating civil war that lasted until 1997 and was then hit hard by the global financial crisis in 2008.