This paper aims at identifying and summarizing some of the factors which influence the market's differing perceptions of Czechoslovakia, Romania, Hungary, Bulgaria and Poland. Information on market perceptions was obtained as a result of numerous interviews with commercial banks and a few...

The idea of debt conversion is that instead of continuing to make payments on outstanding loans in hard currency in the face of debt servicing difficulties, the debtors find some other way to settle debts that is satisfactory to themselves and the creditor. The author discusses the importance of...

The Brady Plan is a pragmatic approach to debt restructuring that combines the relatively recent feature of debt and debt service reduction and the support of official creditors. The underlying premise of those adopting the Brady Plan is that the existing stock of debt can never be fully...

The state of the Indian power sector today is an acknowledged constraint to the country's growth aspirations. This book examines the home-grown Indian experience with private sector participation in power, identifies emerging risks, and proposes specific actions for government consideration, so...

As the world's third-biggest emitter of greenhouse gases, India has pledged to achieve net-zero carbon emissions by 2070. The electricity sector is at the forefront of decarbonisation initiatives and distributed energy resources (DERs) are expected to play a key role in enabling the country to...

Socioeconomic development of the rural populace is critical to India achieving its stated objective of inclusive growth. It is widely accepted that access to a reliable and sufficient power supply is a key enabler of rural economic growth. Traditionally, India's rural power supply has been...

This book reviews the major developments in and the lessons learned from the 21-year (1991-2012) experience with private sector participation (PSP) in the power sector in India. It discusses the political economy context of the policy changes, looks at reform initiatives that were implemented...