‘No case’ for continuation of KIIFB as a body that raises funds and finances projects, says Sudha Pillai panel report
A government-appointed panel led by Sudha Pillai has recommended that the Kerala Infrastructure Investment Fund Board (KIIFB) cease its current role in raising funds and financing projects. The report argues that KIIFB's borrowing now negatively impacts the state's fiscal trajectory.
Why it matters
The findings challenge the financial model of a major state infrastructure body, potentially forcing a significant shift in Kerala's fiscal policy.
‘No case’ for continuation of KIIFB as a body that raises funds and finances projects, says Sudha Pillai panel report left Report says the original rationale for KIIFB – raising capital without using the State’s borrowing space – “has been extinguished” since its borrowing is now counted as direct borrowing by the State. The Hindu The Hindu https://th-i.thgim.com/public/news/national/kerala/bxpwma/article71587354.ece/alternates/FREE_1200/KIIFB.jpg Report tabled in Assembly says Kerala Infrastructure Investment Fund Board’s functioning has 'significant detrimental impact on future fiscal trajectory of the State’ THIRUVANANTHAPURAM The committee led by former bureaucrat Sudha Pillai tasked with reviewing the Kerala Infrastructure Investment Fund Board (KIIFB) has said it finds “no case” for the continuation of KIIFB as a body that raises funds and finances projects, and that its functioning has “significant detrimental impact on the future fiscal trajectory of the State.” Sudha Pillai panel submits report on KIIFB storyline 1 The original rationale for KIIFB –…
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