The developing world needs far more financing for infrastructure than can be provided by domestic public finances alone and through ODA (Official Development Aid). Around middle 1980s a new strategy based on the use of public-private agreements, relying on ODA to enhance the quality of projects, reduce risks and raise profitability was gradually implemented for the provision of infrastructures and public utilities. This paper evaluates the more typical forms of private sector involvement and its actual importance (by type of public utility and by region), and shows that the new strategy has failed in improving the provision of infrastructures in the developing world.
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Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number
266.
Find related papers by JEL classification: H4 - Public Economics - - Publicly Provided Goods H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health I28 - Health, Education, and Welfare - - Education - - - Government Policy L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out
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