Colombia's Gradualist Approach to Private Participation in Infrastructure
Like the model adopted by many Asian countries, the Colombian approach to private participation in infrastructure aims to attract project financing for new facilities, leaving most existing assets in state hands. While the approach has been success...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1997/05/694830/colombias-gradualist-approach-private-participation-infrastructure http://hdl.handle.net/10986/11587 |
| Summary: | Like the model adopted by many Asian
countries, the Colombian approach to private participation
in infrastructure aims to attract project financing for new
facilities, leaving most existing assets in state hands.
While the approach has been successful on attracting
substantial private capital to Colombia, it has been less
successful in delivering the potential efficiency gains or
the reforms that will ensure that assets remain private and
that private sector actions are constrained by the stable
set of rules and regulations. Recently, Colombia has moved
toward the model adopted by other countries on Latin America
-- privatizing existing assets -- a policy likely to provide
a more enduring basis for reform. |
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