Can Privatization Deliver?: Infrastructure for Latin America

Aarons, Fred;
Stiggers, David;
Hennemeyer, Paul;
Jenne, Charles;
Wenyon, Sylvia;
Cook, Jacques;
Radzyminski, Alejandro A.;
Avendaño, Rubén;
Parra, María Angela;
Palacios Mejía, Hugo
Jan 1999
Uribe, Evamaría;Willig, Robert D.;Basañes, C. Federico
While privatization of water, electricity, transport and communications infrastructure continues to gain momentum in Latin America, its success often depends on whether countries implement the reforms essential to attract private investment. This book analyzes the legal, regulatory, economic and institutional issues that are key to smoothing the transition to privatized infrastructure. As the reform process reaches economies that are smaller and less developed, the emphasis is on establishing sound and credible rules that foster private initiative, preserve property rights, settle disputes and protect contracts and consumers. Distinguished analysts from the private sector, academia, the banking community and international multilateral institutions recommend reforms to promote private sector involvement in infrastructure and bring national legal systems in line with international standards. Case studies examine privatization of electricity in Central America and water systems in Trinidad and Tobago and Chile.