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...

A reforma tributária de 1965 buscou racionalizar a tributação estadual, substituindo o antigo imposto sobre vendas e consignações - IVC por um moderno imposto sobre o valor adicionado na circulação de mercadorias- ICM, como parte de uma mudança profunda que visava construir um sistema...

In 2010 the Governors of the IDB approved two formal agreements -the "Cancun Declaration" and the "Report on the Ninth General Increase in the Resources of the Inter-American Development Bank"- leading to the Bank's Ninth General Capital Increase (IDB-9). These agreements tied IDB-9 to a series...

The tax reform of 1965 in Brazil sought to streamline state taxation, replacing the old tax on sales and consignment (IVC) with a modern value added tax on the circulation of goods (ICM) as part of a profound change that aimed to build a national tax system. During the process of drafting the...

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...

This paper studies the impact of access to electricity via solar-powered home systems (SHSs) in rural communities in Peru. Applying propensity score matching at the community as well as at the household level, the authors find that households with SHSs spend less on traditional sources of...

During the last decade, Latin American countries have brought about important reforms in infrastructure services based both on private sector participation for enhancing internal efficiency and competition for increasing consumer welfare. Infrastructure services have evolved from monopoly and...

The incomplete privatization of the electric sector in Peru provides a unique scenario for evaluating the impact of public versus private provision. The results in this paper suggest that management of electricity firms by the private sector leads to a significant improvement in the quality of...