Private Finance Initiative
- Private Finance Initiative
Fin
a policy which is designed to harness private sector management and expertise in the delivery of public services. Under PFI, the public sector does not buy assets, it buys the asset-based services it requires, on contract, from the private sector, the latter having the responsibility for deciding how to supply these services, the investment required to support the services, and how to achieve the required standards.
Abbr. PFI
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