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The private sector and development : five case studies (English)

Through five case studies, this paper reports findings, based on the International Finance Corporation's (IFC) initiatives to determine its development contributions, and impacts. Two case studies examine projects in Benin and Bolivia, both analyzing the development impact of banks, where government mismanagement of the economy had virtually wiped out the banking system, but, recent economic policies allowed banks to play a role, and the "with- and without-banks" contrast, makes these cases particularly instructive. The privatization program in Argentina, allowed for the international consortium Aguas Argentinas (AA), to operate a thirty year concession. Assisted partly by the Bank and IFC, AA engineered an extraordinary turnaround, into a viable water supply private company, and, an ambitious capital expenditure program is underway. In Madagascar, the Aquaculture de Mahajamba, produces and processes shrimp, having had a significant development impact on the regional, and national economy. Finally, the paper examines the development impact of the South Pacific Viscose company, owned by foreign capital, it produces viscose (or rayon) staple fiber, largely with imported raw materials. The management skills, and technology provided by its parent partner, has made the company internationally competitive, allowing Indonesia to capture the value-added component of viscose production that would otherwise be lost to imports, contributing substantially to the country's economy.

Details

  • Author

    Fitchett, D. Jaspersen, F. Pfeffermann, G. Karmokolias, I. Glen, J.

  • Document Date

    1997/02/28

  • Document Type

    Publication

  • Report Number

    23470

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Indonesia,

    Benin,

    Madagascar,

    Bolivia,

    Argentina,

  • Region

    Africa, East Asia and Pacific, Latin America & Caribbean,

  • Disclosure Date

    2010/07/01

  • Doc Name

    The private sector and development : five case studies

  • Keywords

    small and medium enterprise;access to international capital markets;international financial entity;water supply and sewerage service;liberalization of capital flow;water and sanitation system;Committee for Development Effectiveness;committee on development effectiveness;high rates of inflation;economic and sector work;financial service;water and sewerage;Capital Adequacy Ratio;private sector involvement;banking sector;macroeconomic policy environment;formal financial sector;automatic teller machine;rate of growth;financial sector liberalization;state enterprises;public sector borrowing;traditional institutional investor;drinking water distribution;secondary wastewater treatment;capital investment program;savings and investment;efficient capital market;initial capital contribution;chronic water shortage;financial market environment;management of asset;feed conversion ratio;financial sector institution;loan loss provision;external private finance;investment in hardware;bank's balance sheet;bilateral agency funding;financial training program;access to import;commercial bank lending;lines of credit;machinery and equipment;cost of entry;technical assistance program;financial sector development;local stock exchange;access to capital;delivery of water;financial public enterprise;reduction in inflation;primarily due;growth and development;economic reform program;international development agency;high income consumer;privatization of state;wastewater treatment plant;extent of privatization;state enterprise sector;drinking water treatment;public sector reform;raw sewage discharge;drinking water networks;private water concession;private sector investor;rehabilitation of water;domestic banking sector;financial resource;private company;sewerage system;natural monopolies;banking system;water intake;Sanitation Services;foreign currency;privatization program;financial intermediaries;non-governmental organization;bank deposit;lending institution;trade credit;loan fund;trade finance;local investor;microenterprise credit;exchange rate;Exchange Rates;external resource;summary statistic;national market;private investor;reform process;water operator;technological innovation;retail bank;Macroeconomic Management;long-term investor;insurance companies;bank's knowledge;privatization privatization;institutional change;long-term investment;real gdp;innovative feature;foreign bank;commercial banking;specialized bank;loan portfolio;term finance;economic expansion;Macroeconomic Stability;financial credit;economic stabilization;price liberalization;financial system;Tax Administration;debt service;external source;adjustment credit;market development;delinquent account;loan condition;peak demand;loan finance;infrastructure asset;security package;resource mobilization;financial structure;common equity;direct investment;financial plan;reform objectives;market financing;water service;investment market;financial statement;regulatory environment;storage tank;Financing plans;public health;winning bid;private capital;Capital Investments;macroeconomic instability;heavy metal;health hazard;cumulative effect;potential investor;private operator;investment privatization;high capital;efficiency gain;socioeconomic benefits;corporate value;political arena;political opposition;financial return;improved health;business enterprise;joint ownership;Public Services;risk exposure;pollution problem;private investment;high concentration;regulatory institution;high tide;metropolitan area;Water Services;financial crisis;local demand;import good;business expansion;foreign origin;short-term loan;loan supervision;warehouse receipt;banking service;competitive cost;ripple effect;capital good;market leadership;sound bank;traditional banking;microenterprise finance;term deposits;local ngo;Banking Supervision;forced sale;small manufacturers;computer equipment;liberalized trade;life insurance;output capacity;general insurance;investment operation;domestic producer;domestic bond;rising tide

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Citation

Fitchett, D. Jaspersen, F. Pfeffermann, G. Karmokolias, I. Glen, J.

The private sector and development : five case studies (English). Results on the ground ; no. 1 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/477901468743157170/The-private-sector-and-development-five-case-studies