The privatization of infrastructure should lead to the development of new infrastructure, improvements in the operation of existing infrastructure, and a reduction in budgetary subsidies. Whether countries reap the full benefits of privatization, however, depends on how risks are allocated. If, as is often the case in developing countries, governments assume risks that should be borne by investors, they may reduce incentives for efficiency and incur...
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INFORMATION
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1999/08/01
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Article de revue
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76636
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1
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1
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2013/04/15
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Disclosed
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Managing government exposure to private infrastructure risks
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flexible exchange rate regime
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