Skip to Main Navigation

Panama - Utilities Restructuring Technical Assistance Project (English)

The ratings for the project were as follows: the outcome was satisfactory, the sustainability was likely, the institutional development impact was substantial, and the Bank and borrower performance were both satisfactory. The lessons learned indicate that the water and sanitation sector was more difficult to privatize and introduce market-oriented reforms because people consider the provision of water at low (or even negligible) prices to be a basic right. The establishment of a credible, stable and efficient regulatory system is a long-term activity that will have its ups and downs as any process of institution building. Another relevant lesson is that the importance of policy-making in the context of market-oriented reforms have been underemphasized. A positive lesson is related to the importance of competition. The main source of price reductions in telecommunications was probably related to a more competitive environment -either because technological conditions were more favorable than in other industries or because monopoly rights assigned through concessions did not last as long. Finally, multi-sector Technical Assistance (TA) projects are expensive and almost always take longer to implement than anticipated. In particular, allowances need to be made for: (i) the project unit becoming familiar with Bank procedures; (ii) the heavy workload of implementing many small components (about 40 in this project); and (iii) prolonged transitions between administrations.

Details

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

  • TXT*
  • Total Downloads** :
  • Download Stats
  • *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Panama - Utilities Restructuring Technical Assistance Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/960501468758391025/Panama-Utilities-Restructuring-Technical-Assistance-Project