The ambition is to create there a new “Riviera” with large multiplier effects through the construction of luxury residencies, hotels and a casino. The benefits of PPPs. First, public-private partnerships enable the public sector to leverage more financial resources. And since there is no immediate disbursement of public funds, this in turn allows government funds to be redirected to other important uses.
This approach promotes a level playing field and ensures that beneficial innovations are not hampered by unwarranted and excessive compliance requirements. Two – We maintain active multi-stakeholder collaboration – This is necessary in view of the multiplicity of players and multi-layered relationships among fintechs and varied financial sector players. It represents a “whole-of-government approach”, ensuring policy consistency and preventing regulatory arbitrage.