Will Privatisation and Structural Reforms of Small Power Systems in Developing Countries Lead to Efficient Delivery of Electricity?
Article from: OGEL Archive issue , in Electricity Law and Regulation
Summary
In the 1990s privatisation of state owned enterprises became the panacea for many of the nonperforming economies of Sub-Saharan Africa. Privatisation became a cornerstone of economic reform programs advocated by the IMF and the World Bank. Without it these two organisations were no longer prepared to help and many other donors followed suit. The prescription offered for economic recovery - privatisation - had been tried and tested in both Latin America and Eastern Europe and Africa was no longer the guinea pig. Although their situation was different, it seemed to work, at least ...