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Author:
Mr. Jeffrey M. Davis
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Mr. Thomas J Richardson
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Mr. Rolando Ossowski
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Mr. Steven A Barnett
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Language:
English
Print Publication Date:
22 Jun 2000
Keywords:
OP; privatization proceeds; proceeds; government; privatization receipt; privatization component; government net worth; governments undertaking privatization; liquidity-constrained government; privatization experience

Abstract

Privatization has been a key element of structural reform in many developing and transition economies during the last decade. Governments undertaking privatization have pursued a variety of objectives: achieving gains in economic efficiency, given the extensive prevalence of poor economic performance of public enterprises in many countries and limited success with their reform; and improving the fiscal position, particularly in cases where governments have been unwilling or unable to continue to finance deficits in the public enterprise sector. In addition, liquidity-constrained governments facing fiscal pressures have sometimes privatized with a view to financing fiscal deficits with the proceeds. Other objectives have included the development of domestic capital markets.

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Cover Fiscal and Macroeconomic Impact of Privatization
Fiscal and Macroeconomic Impact of Privatization
ISBN:
9781557758880
ISSN:
0251-6365
Publication Date:
22 Jun 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758880.084
Pages:
49

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