Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons
Governments have long recognized the vital role that modern infrastructure services play in economic growth and poverty alleviation. For much of the post-Second World War period, most governments entrusted delivery of these services to state-owned...
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2003/04/2476615/private-participation-infrastructure-developing-countries-trends-impacts-policy-lessons http://hdl.handle.net/10986/15124 |
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okr-10986-151242021-04-23T14:03:12Z Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons Harris, Clive ACCOUNTABILITY AIRPORTS ASSETS AUTONOMY BANKRUPTCY CASH FLOWS CREDITWORTHINESS DEBT ECONOMIC GROWTH ELECTRICITY EMERGING MARKETS FINANCIAL AUTONOMY FINANCIAL COVENANTS GOVERNMENT SPENDING HARD BUDGET CONSTRAINTS INFRASTRUCTURE SERVICES LICENSES NEW ENTRANTS PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROJECT FINANCE PROVISION OF INFRASTRUCTURE PUBLIC ENTERPRISES PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC UTILITIES RAILWAYS ROADS SANITATION TELECOMMUNICATIONS TRANSPARENCY TRANSPORT USER FEES WATER SUPPLY WORKING CAPITAL PRIVATE PARTICIPATION INFRASTRUCTURE DEVELOPING COUNTRIES TRENDS INVESTMENTS PRIVATE SECTOR PARTICIPATION SOCIAL SERVICES CONSUMERS COMPETITION REGULATORY FRAMEWORK EXCHANGE RATE RISKS WATER MARKETS PRIVATIZATION CHILD MORTALITY FACTORS PUBLIC FINANCE STOCK MARKET TELEPHONE CONNECTIONS SANITATION HEALTH EDUCATION Governments have long recognized the vital role that modern infrastructure services play in economic growth and poverty alleviation. For much of the post-Second World War period, most governments entrusted delivery of these services to state-owned monopolies. But in many developing countries, the results were disappointing. Public sector monopolies were plagued by inefficiency. Many were strapped for resources because governments succumbed to populist pressures to hold prices below costs. Fiscal pressures, and the success of the pioneers of the privatization of infrastructure services, provided governments with a new paradigm. Many governments sought to involve the private sector in the provision and financing of infrastructure services. The shift to the private provision that occurred during the 1990s was much more rapid and widespread than had been anticipated at the start of the decade. By 2001, developing countries had seen over $755 billion of investment flows in nearly 2500 infrastructure projects. However, these flows peaked in 1997, and have fallen more or less steadily ever since. These declines have been accompanied by high profile cancellations or renegotiations of some projects, a reduction in investor appetite for these activities and, in some parts of the world, a shift in public opinion against the private provision of infrastructure services. The current sense of disillusionment stands in stark contrast to what should in retrospect be surprise at the spectacular growth of private infrastructure during the 1990s. 2013-08-16T18:30:11Z 2013-08-16T18:30:11Z 2003-04 http://documents.worldbank.org/curated/en/2003/04/2476615/private-participation-infrastructure-developing-countries-trends-impacts-policy-lessons 0-8213-5512-0 http://hdl.handle.net/10986/15124 English en_US World Bank Working Paper;No. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY AIRPORTS ASSETS AUTONOMY BANKRUPTCY CASH FLOWS CREDITWORTHINESS DEBT ECONOMIC GROWTH ELECTRICITY EMERGING MARKETS FINANCIAL AUTONOMY FINANCIAL COVENANTS GOVERNMENT SPENDING HARD BUDGET CONSTRAINTS INFRASTRUCTURE SERVICES LICENSES NEW ENTRANTS PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROJECT FINANCE PROVISION OF INFRASTRUCTURE PUBLIC ENTERPRISES PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC UTILITIES RAILWAYS ROADS SANITATION TELECOMMUNICATIONS TRANSPARENCY TRANSPORT USER FEES WATER SUPPLY WORKING CAPITAL PRIVATE PARTICIPATION INFRASTRUCTURE DEVELOPING COUNTRIES TRENDS INVESTMENTS PRIVATE SECTOR PARTICIPATION SOCIAL SERVICES CONSUMERS COMPETITION REGULATORY FRAMEWORK EXCHANGE RATE RISKS WATER MARKETS PRIVATIZATION CHILD MORTALITY FACTORS PUBLIC FINANCE STOCK MARKET TELEPHONE CONNECTIONS SANITATION HEALTH EDUCATION |
| spellingShingle |
ACCOUNTABILITY AIRPORTS ASSETS AUTONOMY BANKRUPTCY CASH FLOWS CREDITWORTHINESS DEBT ECONOMIC GROWTH ELECTRICITY EMERGING MARKETS FINANCIAL AUTONOMY FINANCIAL COVENANTS GOVERNMENT SPENDING HARD BUDGET CONSTRAINTS INFRASTRUCTURE SERVICES LICENSES NEW ENTRANTS PORTS PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PROJECT FINANCE PROVISION OF INFRASTRUCTURE PUBLIC ENTERPRISES PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC OWNERSHIP PUBLIC SECTOR PUBLIC UTILITIES RAILWAYS ROADS SANITATION TELECOMMUNICATIONS TRANSPARENCY TRANSPORT USER FEES WATER SUPPLY WORKING CAPITAL PRIVATE PARTICIPATION INFRASTRUCTURE DEVELOPING COUNTRIES TRENDS INVESTMENTS PRIVATE SECTOR PARTICIPATION SOCIAL SERVICES CONSUMERS COMPETITION REGULATORY FRAMEWORK EXCHANGE RATE RISKS WATER MARKETS PRIVATIZATION CHILD MORTALITY FACTORS PUBLIC FINANCE STOCK MARKET TELEPHONE CONNECTIONS SANITATION HEALTH EDUCATION Harris, Clive Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons |
| relation |
World Bank Working Paper;No. 5 |
| description |
Governments have long recognized the
vital role that modern infrastructure services play in
economic growth and poverty alleviation. For much of the
post-Second World War period, most governments entrusted
delivery of these services to state-owned monopolies. But in
many developing countries, the results were disappointing.
Public sector monopolies were plagued by inefficiency. Many
were strapped for resources because governments succumbed to
populist pressures to hold prices below costs. Fiscal
pressures, and the success of the pioneers of the
privatization of infrastructure services, provided
governments with a new paradigm. Many governments sought to
involve the private sector in the provision and financing of
infrastructure services. The shift to the private provision
that occurred during the 1990s was much more rapid and
widespread than had been anticipated at the start of the
decade. By 2001, developing countries had seen over $755
billion of investment flows in nearly 2500 infrastructure
projects. However, these flows peaked in 1997, and have
fallen more or less steadily ever since. These declines have
been accompanied by high profile cancellations or
renegotiations of some projects, a reduction in investor
appetite for these activities and, in some parts of the
world, a shift in public opinion against the private
provision of infrastructure services. The current sense of
disillusionment stands in stark contrast to what should in
retrospect be surprise at the spectacular growth of private
infrastructure during the 1990s. |
| format |
Publications & Research :: Publication |
| author |
Harris, Clive |
| author_facet |
Harris, Clive |
| author_sort |
Harris, Clive |
| title |
Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons |
| title_short |
Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons |
| title_full |
Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons |
| title_fullStr |
Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons |
| title_full_unstemmed |
Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons |
| title_sort |
private participation in infrastructure in developing countries : trends, impacts, and policy lessons |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/04/2476615/private-participation-infrastructure-developing-countries-trends-impacts-policy-lessons http://hdl.handle.net/10986/15124 |
| _version_ |
1764425617882742784 |