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Private participation in infrastructure : trends in developing countries in 1990-2001 (English)

The report looks at how the private infrastructure paradigm played out in developing countries between 1990-2001, examining trends globally, and in particular sectors, and regions. It identifies the involvement of the private sector in financing, and operations of infrastructure, through well-designed arrangements for private participation, which allows commercial discipline to be introduced in the delivery of services, therefore improving efficiency and lowering costs. Notwithstanding, experience in 1990-2001 shows too, that private participation in infrastructure is not immune from broader economic shocks. Such stresses were greatest for services that involved financing commitments in foreign currency, yet, depended on revenues in local currency. Annual investment flows to private infrastructure project in developing countries, grew dramatically from 1990 to 1997, but by 2001 had fallen back to the levels of the mid-1990s. In addition to the chilling effect of economic crisis in several developing regions on investors, corporate-level problems affecting international investors, coupled with declining equity markets in industrial countries, also curbed interest in developing country infrastructure operations. Future prospects will depend on the governments will, and capacity to grapple with the underlying reforms, and to create opportunities attractive to private investors.

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Private participation in infrastructure : trends in developing countries in 1990-2001 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/540861468767086821/Private-participation-in-infrastructure-trends-in-developing-countries-in-1990-2001