Privatization
Privatization shifts functions and responsibilities, in whole or in
part, from government to the private sector. USAID’s involvement
in privatization includes three stages:
pre-privatization (setting up the enabling environment,
public awareness campaigns, establishing an appropriate
legal and regulatory framework),
privatization (the actual transfer of assets), and
post privatization (corporate governance and restructuring,
international accounting standards).
With more than 110 activities spread throughout the regions in which
USAID works, the emphasis in privatization is changing from one of asset
transfer to also privatizing services which have traditionally been managed
by the public sector. Examples of such services include telecommunications,
tourism, information technology, and transportation. See
more on USAID's work with service sector liberalization and trade.
The next generation of USAID privatization support focuses on creative
approaches to privatizing services in USAID-assisted countries, and is
expected to increase as country requirements for technical support in
pre-to-post privatization grows. The relative success in diversifying
and adapting privatization technologies across a wide variety of economic
conditions, financial, legal and policy structures, has confirmed privatization’s
central role in strategies for building sustainable economic growth and
trade.
Read reports on USAID's privatization
work...
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