PT  - JOURNAL ARTICLE
AU  - Julia Cerenzia
TI  - Establishing Sustainable Private Infrastructure in Emerging Markets
AID  - 10.3905/jsf.1999.320205
DP  - 1999 Jul 31
TA  - The Journal of Structured Finance
PG  - 53--63
VI  - 5
IP  - 2
4099  - https://pm-research.com/content/5/2/53.short
4100  - https://pm-research.com/content/5/2/53.full
AB  - Continued economic growth in many emerging markets will require increases in the stock and quality of infrastructure that significantly exceeds the availability of public funds for such projects. As a result, many emerging market countries wish to attract international private capital to finance infrastructure projects and to realize market efficiency in these sectors. However, privatization must not be narrowly viewed as a transfer of assets currently held by the public sector into the hands of the private sector. Instead privatization must be pursued as a far more comprehensive process of fundamentally transforming a public sector into a viable private sector, and establishing a business environment in which the private sector can successfully meet the country's long term infrastructure needs.