Private Enterprise and Financial Markets > Infrastructure and Financial Markets > Infrastructure
Roles for the Private Sector, Governments and Multilateral Creditors in Latin American Private Infrastructure
By Antonio Vives, Martin Chrisney (06/96, IFM-302, En)
Foreword
There is growing consensus in the countries of Latin America and the Caribbean aout the importance of the efficient management of infrastructure services, not only for economical but also for social reasons. During the eighties, most countries in the region were burdened by sizable fiscal deficits and triple-digit inflation, which crippled their capacity to investment and distorted the allocation of resources away from productive economic uses.
Confronted with this situation, many governments saw private participation in ifrastructure as a means to increase efficiency in the provision of services and support fundamental fiscal reform with privatization receipts and future tax income from privately run companies.
Last updated: 01/29/07
