Author : Michel Kerf
Release : 1996-01-01
Genre : Political Science
Kind : eBook
Book Rating : 448/5 ( reviews)
Book Synopsis Privatizing Africa's Infrastructure by : Michel Kerf
Download or read book Privatizing Africa's Infrastructure written by Michel Kerf. This book was released on 1996-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the promise and challenge of infrastructure privatization in sub-Saharan Africa, with particular emphasis on power, telecommunications, water, rail, ports and airports. The paper places primary emphasis on mobilizing private investment in infrastructure. To realize the potential of infrastructure privatization in sub-Saharan Africa, four main challenges must be addressed: a) concerns over market size, affordability and payment risks; b) establishing adequate legal and regulatory frameworks; c) dealing with non commercial risks; and d) mobilizing local finance. The paper examines these four areas and gives elements of a future strategy for the World Bank Group.