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Privatization in Africa, Volume 1
Author:Campbell White, Oliver; Bhatia, Anita; Country:Kenya; Senegal; Burkina Faso; Uganda; Ghana; Guinea; Zambia; Togo; Nigeria; Mozambique; Benin; Africa; Cabo Verde; Madagascar; Cote d'Ivoire;
Date Stored:2001/05/14Document Date:1998/04/30
Document Type:PublicationSubTopics:Financial Crisis Management & Restructuring; Judicial System Reform; Banks & Banking Reform; Legal Products; Municipal Financial Management
ISBN:ISBN 0-8213-3978-8Language:English
Major Sector:(Historic)Private Sector DevelopmentRegion:Africa
Report Number:17972Sub Sectors:Privatization-DV
Collection Title:Directions in developmentVolume No:1

Summary: Although reduction of fiscal deficits is commonly cited as the main objective for the adoption of privatization in Africa, the choices of enterprises for privatization suggests that the primary motivations for privatization have been the need for the World Bank, International Monetary Fund, and donor financial support and the need to generate proceeds and divest some trouble state-owned enterprises while minimizing political fallout. The study has three key components: the construction of a database of privatization transactions in Africa, a set of ten country case studies, and an analysis of the role and extent of World Bank and donor assistance in support of privatization. The analysis of privatization in Africa falls into two principal parts: findings and conclusions. The findings examine why African governments have privatized, how they have privatized, what has been achieved, and what the impact of privatization has been. The conclusions cover an assessment of progress, the role of donors, and suggestions for the improvement of the process.

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