Private Infrastructure in Developing Countries

Beginning in the late 1980s many developing countries turned to the private sector to provide basic infrastructure and utility services, such as highways, railroads, water, wastewater, electricity, gas, and telecommunications. Recent studies suggest that private involvement often benefited customers and reduced government fiscal problems without harming employees or enriching private providers excessively. There were enough high-profile failures, however, to discredit this reform in many quarters. Private involvement is likely to be more successful if it generates real efficiency gains rather than simply transferring costs among parties, if the systems of regulating the private companies are politically sensitive as well as technically competent, if the costs and constraints of private capital are not excessive, and if we are willing to adopt more modest and gradual schemes in difficult circumstances.

Bibliographic Details

Main Author:	Gómez-Ibáñez, José A.
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2008
Subjects:	ACCESS LEVELS, ADVERSE EFFECTS, AMOUNT OF CAPITAL, ARBITRATION, AUCTION, BANKRUPTCIES, BANKRUPTCY, BASIC INFRASTRUCTURE, BASIS POINTS, BIDS, BUDGETARY SUPPORT, CAPITAL COSTS, CAPITAL MARKETS, CAPITAL STOCKS, CLEAN WATER, COMPANY, COMPETITIVE BIDDING, COMPETITIVE TENDER, CONNECTION CHARGES, CONTRACT COMPLIANCE, CONTRACT RENEGOTIATION, COOPERATIVES, CORPORATION, CORRUPTION, COST OF CAPITAL, COSTS OF CAPITAL, COUNTRY RISK, CROSS SUBSIDIES, CUBIC METER OF WATER, CURRENCY, DEBT, DEBTS, DEPOSITORS, DEREGULATION, DEVALUATION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING ECONOMIES, DEVELOPING ECONOMY, DEVELOPMENT BANK, DEVELOPMENT BANKS, DIVIDEND, DIVIDENDS, DOMESTIC CAPITAL, DOMESTIC CAPITAL MARKETS, DRINKING WATER, DURABLE, EARNINGS, ECONOMIC CRISIS, ECONOMIC DEVELOPMENT, ECONOMIES OF SCALE, EMPLOYEE, EMPLOYMENT, EQUITY MARKET, EQUITY MARKETS, EXCHANGE RATE, EXPANSION, EXPENDITURE, EXPENDITURES, EXPROPRIATION, FAIR VALUE, FARMERS, FINANCIAL BURDEN, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL RESOURCES, FINANCIAL STATEMENTS, FISCAL POLICIES, FISCAL RESOURCES, FIXED CHARGES, FIXED RATES, FLOATING RATES, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN EXCHANGE RISK, FOREIGN EXCHANGE RISKS, FOREIGN FINANCING, FOREIGN FIRM, FOREIGN INVESTMENT, FOREIGN INVESTORS, GOVERNMENT BUDGETS, GOVERNMENT REGULATION, GOVERNMENT SUBSIDIES, GUARANTEE AGENCY, HOST COUNTRY, HOST GOVERNMENT, INCOME, INCOME LEVELS, INFLATION, INFRASTRUCTURE BONDS, INFRASTRUCTURE CONCESSION, INFRASTRUCTURE CONCESSIONS, INFRASTRUCTURE INDUSTRIES, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE PRIVATIZATION, INFRASTRUCTURE PROJECTS, INSTITUTIONAL ENVIRONMENT, INSURANCE, INSURANCE COMPANIES, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCIAL INSTITUTIONS, INVESTOR INTERESTS, LARGE ENTERPRISES, LAWS, LEGAL PROTECTIONS, LENDERS, LIABILITY, LOAN, LOCAL BANKS, LOCAL CAPITAL MARKETS, LOCAL CURRENCY, LOCAL GOVERNMENT, LOCAL MARKETS, MACROECONOMIC STABILITY, MARKET REFORMS, MINORITY SHAREHOLDERS, MONOPOLY, MULTINATIONAL, ORIGINAL CONTRACTS, OUTPUT, OUTPUTS, PARENT COMPANIES, PENSION, PENSION FUNDS, PERPETUITY, POLITICAL RISK, POLITICAL RISK INSURANCE, POOR HOUSEHOLDS, PRIVATE CAPITAL, PRIVATE COMPANIES, PRIVATE COMPANY, PRIVATE CONCESSIONAIRES, PRIVATE DEBT, PRIVATE ENTERPRISES, PRIVATE FINANCE, PRIVATE FIRM, PRIVATE FIRMS, PRIVATE INFRASTRUCTURE, PRIVATE INVESTMENT, PRIVATE INVESTMENT IN INFRASTRUCTURE, PRIVATE INVESTMENT IN WATER, PRIVATE INVESTOR, PRIVATE INVESTORS, PRIVATE OPERATORS, PRIVATE PARTIES, PRIVATE PROPERTY, PRIVATE UTILITIES, PRIVATE WATER, PRIVATE WATER COMPANIES, PRIVATIZATION, PRIVATIZATION PROCESS, PRIVATIZATION PROGRAM, PRIVATIZATIONS, PRODUCTIVITY, PROFITABILITY, PROVISION OF INFRASTRUCTURE, PUBLIC ASSETS, PUBLIC DEBT, PUBLIC FINANCE, PUBLIC INFRASTRUCTURE, PUBLIC INVESTMENTS, PUBLIC POLICY, PUBLIC WATER, QUALITY OF SERVICE, RAPID ECONOMIC GROWTH, RATE OF INVESTMENT, RATE OF RETURN, REGIONAL BANKS, REGULATOR, REGULATORS, REGULATORY AGENCIES, REGULATORY AGENCY, REGULATORY SYSTEM, REGULATORY SYSTEMS, RENEGOTIATION, RENEGOTIATIONS, REPAYMENT, RETURN, RETURN ON INVESTMENT, RETURNS, RIGHTS OF MINORITY SHAREHOLDERS, RISK MANAGEMENT, ROADS, SAVINGS, SEIZURE, SERVICE QUALITY, SERVICE TO CUSTOMERS, SETTLEMENT, SMALL COUNTRIES, SMALL COUNTRY, SOCIAL SERVICES, SOVEREIGN DEBT, SPONSORS, STATE ENTERPRISES, STRATEGIC INVESTORS, SUBSIDIARY, SWAPS, TARIFF INCREASES, TECHNOLOGICAL CHANGES, TELECOMMUNICATIONS, TELEPHONE SERVICE, TELEPHONE SERVICES, TRADING, TRANSACTION, TRANSPORT, TREATIES, UNEMPLOYMENT, URBAN WATER, URBAN WATER SUPPLY, UTILITY COMPANIES, WATER BILLS, WATER COMPANIES, WATER CONNECTION, WATER ENTERPRISES, WATER SERVICES, WATER SHORTAGES, WATER TARIFFS, WATER TREATMENT, WATER TREATMENT PLANTS, WITHDRAWAL,
Online Access:	http://documents.worldbank.org/curated/en/792651468330979826/Private-infrastructure-in-developing-countries-lessons-from-recent-experience https://hdl.handle.net/10986/28019
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