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by: Fernando Manibog
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Power for Development evaluates the performance of the World
Bank Group during the 1990s in promoting private sector development in
the electric power sector. This joint review aims to inform the
implementation of the World Bank Group's 2001 Energy Business
Renewal Strategy and the 2003 Infrastructure Plan. It is based on an
evaluation of the World Bank Group's assistance for private sector
development of the electric power sector in 80 countries.
The main messages of the report are:
- The World Bank Group should continue to support private sector
development in the electric power sector as a key objective.
Well-implemented Bank Group activities in this area can improve sector
efficiency in countries politically committed to the advancement of
power sector reforms.
- Outcomes of International Finance Corporation and Multilateral
Investment Guarantee Agency transactions have been positive, but the
Bank's project-level outcomes were disappointing, mostly because
the Bank underestimated the complexity and time required for reforms to
achieve lasting and equitable outcomes. At the sector level, outcomes
have been poor or, at best, mixed, except in countries fully committed
to reforms.
- Private sector development of the electric power sector is a work
in progress because the power sector reform process is complex, takes
time, is resource-intensive, and requires phasing and careful
sequencing to create the conditions for sector transformation.
- Much work remains to integrate poverty reduction and environmental
mainstreaming into the design of power sector reform and related
strategies, which to date have focused mostly on sector efficiency and
macro-fiscal objectives.
- Shipping Weight: 1.02 lbs (0.46 kgs)
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