The Dominican Republic’s growth model has led to exceptional economic expansion, far exceeding the LAC average over the past two decades, but it is reaching its limits due to slow productivity growth...
This Regional Partnership Framework (RPF) outlines the World Bank Group (WBG) strategic program for nine Pacific island countries (PIC9): Kiribati, the Republic of the Marshall Islands (RMI), Federated...
Public private partnerships (PPPs) for infrastructure projects require substantial initial funding that private operators in developing countries can rarely obtain in the domestic market. In 2005, in the...
Most commentators agree that the benefits of competitive electricity markets will materialize only if wholesale prices are allowed to fluctuate more or less freely so as to provide adequate pricing signals...
Investment in private participation in infrastructure projects in developing countries in 2004 and 2005 increased sharply. Meanwhile, the distribution of investment across sectors and regions, and the...
Countries with fully liberalized telecommunications markets have adopted different mixes of antitrust and sector-specific regulatory instruments. Does the balance between the two approaches matter for...
Full liberalization of telecommunications markets provides scope for relying largely on general antitrust rules and institutions for economic regulation. But at least for a time after liberalization, sector-specific...
Among the countries fully liberalizing their telecommunicationssector, some have chosen to rely mainly on sector-specific rules,often applied by sector-specific institutions, while others havedepended...
Officials in developing countries with legal and political systems of continental European origin often argue that the model of independent regulatory agencies for utilities is appropriate only for Anglo-Saxon...
When the Gambia, Guinea, and Senegal decided to involve the private sector in the provision of water services, they also established state holding companies - state-owned entities with exclusive or partial...
Protecting minority shareholders in closely held firms, by Chad Leechor. Reviving the market for corporate control, by Chad Leechor. Innovations in bankruptcy - prioritizing creditors using option markets...
This paper examines the promise and challenge of infrastructure privatization in sub-Saharan Africa, with particular emphasis on power, telecommunications, water, rail, ports and airports. The paper places...
Concession-type arrangements are well suited for privatizing sectors with monopolistic characteristics. Under this approach, the state (or municipality or other public entity) delegates to the private...