Over the past decade most developing economies have involved the private sector in providing infrastructure services. Indeed, between 1990 and 2002, 136 low- and middle-income countries introduced private participation in infrastructure sectors-65 of them in at least three sectors. During that...

Regulating infrastructure utilities can be extremely complex and fraught with risks of political interference and capture by interest groups, especially in countries with little tradition of politically independent government agencies. To deal with these challenges, policymakers and regulators...