Privatization Trends

This note is based on a World Bank Group database that uses transaction values as a proxy for measuring privatization trends. It includes only the values resulting from the full or partial sale, concession, lease, or initial public offering of existing state owned enterprises or other government assets. An update of the World Bank Group's Privatization Database shows that privatizations in developing countries amounted to US$70 billion in 2006 or US$105 billion including two mega Chinese offerings. Both results beat all previous years in nominal terms. Contrary to popular perceptions of a slowdown, the data show that privatization in its various forms continued in a broad range of countries and sectors, particularly infrastructure and banking. Initial public offerings were prominent, especially in China.

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Bibliographic Details
Main Authors: Kikeri, Sunita, Phipps, Verena
Language:English
Published: World Bank, Washington, DC 2008-01
Subjects:ACCOUNTING, AIRPORT, AIRPORTS, BANKS, CAPITAL MARKETS, CEMENT, COAL, COAL ENERGY, COMMERCIAL BANK, CORPORATE GOVERNANCE, DEVELOPING COUNTRIES, ELECTRICITY, ELECTRICITY GENERATION, FOREIGN INVESTOR, GAS, GAS DEVELOPMENT, GAS DISTRIBUTION, GOVERNANCE ISSUES, GOVERNMENT ASSETS, GOVERNMENT OWNERSHIP, HYDROCARBONS, INFRASTRUCTURE CONCESSIONS, INITIAL PUBLIC OFFERING, INITIAL PUBLIC OFFERINGS, INNOVATIONS, INSURANCE, INTERNATIONAL BANK, IPO, JOINT VENTURE, LICENSE, MANUFACTURING, MIDDLE EAST, NATURAL GAS, NATURAL GAS TRANSMISSION, NORTH AFRICA, OIL, OIL REFINERY, PETROLEUM, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PUBLIC POLICY, RAILWAY, RESULT, RESULTS, ROAD, STOCK MARKET, SUB-SAHARAN AFRICA, TELECOM, TELECOMMUNICATIONS, TELEPHONE, TOLL, TOLL ROADS, TRANSACTION, TRANSMISSION, TRANSPORT, USES,
Online Access:http://documents.worldbank.org/curated/en/2008/01/9064974/privatization-trends
https://hdl.handle.net/10986/11158
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Summary:This note is based on a World Bank Group database that uses transaction values as a proxy for measuring privatization trends. It includes only the values resulting from the full or partial sale, concession, lease, or initial public offering of existing state owned enterprises or other government assets. An update of the World Bank Group's Privatization Database shows that privatizations in developing countries amounted to US$70 billion in 2006 or US$105 billion including two mega Chinese offerings. Both results beat all previous years in nominal terms. Contrary to popular perceptions of a slowdown, the data show that privatization in its various forms continued in a broad range of countries and sectors, particularly infrastructure and banking. Initial public offerings were prominent, especially in China.