Front Matter

Front Matter

Jeffrey Davis, Thomas Richardson, Rolando Ossowski, and Steven Barnett
Published Date:
June 2000
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    © 2000 International Monetary Fund

    Production: IMF Graphics Section

    Typesetting: Julio R. Prego

    Figures: Sanaa Elaroussi

    Library of Congress Cataloging-in-Publication Data

    Fiscal and macroeconomic impact of privatization/Jeffrey Davis… [et al.].

    p. cm—(Occasional paper, ISSN 0251-6365; no. 194)

    Includes bibliographical references.

    ISBN 1-55775-888-3

    1. Privatization—Case studies. 2. Government business enterprises—Case studies. 3. Finance, Public—Case studies. I. Davis, Jeffrey M., 1946 II. Occasional paper (International Monetary Fund); 194.

    HD3845.6 .F57 2000

    338.9’75—dc21 00-0031909

    Price: US$20.00

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    recycled paper


    The following symbols have been used throughout this paper:

    • … to indicate that data are not available; n.a. to indicate not applicable;
    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
    • – between years or months (i.e., 1997–98 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
    • / between years (i.e., 1997/98) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million; “trillion” means a thousand billion.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.


    The paper reflects the contributions of several members of staff in the IMF’s Fiscal Affairs Department. In particular, the authors are grateful to Rosa Alonso, Benedict Bingham, Isaias Coelho, Louis Kuijs, Jun Ma, Eric Mottu, Martin Petri, Arnim Schwidrowski, István Székely, George Tsibouris, and Timo Välilä for their research into the privatization experience of the case study countries. They would also like to thank John Nellis, as well as others at the World Bank, for their advice and support. Helpful and insightful comments on the paper were provided by Vito Tanzi, and colleagues in the Fiscal Affairs Department and in other departments in the IMF.

    The authors appreciate as well the efficient research assistance provided by William Riordan and the document preparation assistance provided by Heather Huckstep. Gail Berre of the External Relations Department edited the paper and coordinated production of the publication.

    The views expressed in the paper, as well as any errors, are the sole responsibility of the authors and do not necessarily represent the opinions of the Executive Board of the IMF or other members of the IMF staff.

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