Maximizing the benefits from public sector investments requires a clear, predictable, and transparent process informed by robust analyses that can facilitate multicriteria considerations of different options and alternatives. However, the tools available to governments to assess the costs and...

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 approach paper considers the role of public finance to build, protect and utilize human capital as countries seek to recover from the Coronavirus disease 2019 (COVID-19) crisis and lay a foundation for inclusive, resilient and sustainable development. The paper defines the problem in...

The report and the summary review the recent economic and fiscal performance of Mongolia; outline current medium-term prospects of Mongolia's economy; discuss short-term risks and structural vulnerabilities; and comment on the efficiency of past public investment programs and practices

Faced with a prolonged economic downturn and resulting fiscal constraints, the Government of Belarus is looking to increase the efficiency of public funds spent on public investment. As the total envelope on public capital spending is likely to stagnate or even decrease further in the coming...

Vietnam's on-going reform program places emphasis on improving the efficiency of public investment in order to boost the country's economic performance, which remains highly dependent on factor accumulation. Despite the improvements introduced by the government in recent years, including the...

Philippine economic growth slowed to its lowest level in eight years, driven by a rapid deceleration in investment growth in the first half of 2019. GDP growth slowed from 6.3 percent year-on-year (yoy) in the first half of 2018 to 5.5 percent in thesame period in 2019, below government's growth...