An effective legal and regulatory framework is essential in order to attract private investment into the telecommunications sector of most transitional and developing (TDCs) and to ensure that the TDC has the best chance of achieving the benefits for the country as a whole that flow from a...

This paper, prepared by the Private Sector Development Department at the initiative of the Africa Technical Department of the World Bank, examines the promise and challenge of infrastructure privatization in Sub-Saharan Africa, with particular emphasis on power, telecommunications, water, rail,...

The objective of this paper is to analyze the conditions needed to achieve sustainable private sector growth in the Visegrad countries. The analyzes focuses on (i) the "enabling" environment (legal and regulatory framework, institutional capacity); (ii) privatization of state enterprises; and...

Privatization has been the basic direction of reform in transitional economies. In implementing this process, however, policy makers overlooked the problems of the remaining public enterprises, mainly public utilities and natural resource-based industries which often include declining...

The central objective of the research summarized in this report was to explore the ways and means of reforming State-Owned Enterprises (SOEs) to achieve efficiency, profitability and accountability. Specifically, this project sought to: (i) survey international experience in SOE reform; (ii)...

This paper discusses issues and explores options related to the reform of the power sector regulatory system in China. It reviews the power sector's current situation and impediments to reform, examines the relationship between power sector structure and regulation, and suggests several...

There has been tremendous growth worldwide in the mobilization of financial resources outside traditional banking systems. Channeled mainly through capital markets, such rapid financial diversification is posing new challenges for regulators in many emerging markets. This document describes the...