By Organisation for Economic Co-Operation and Development
Publication by means of employer for financial Co-Operation and improvement
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Additional info for African Economic Outlook 2002 2003
For example, the government in Senegal increased electricity tariffs by 10 per cent in January 2002 after a botched privatisation process with Vivendi Universal. Governments in Zimbabwe and Kenya are in the process of revising their electricity tariff policy ahead of privatisation. A rise in public utility prices (and the recovery of unpaid bills) has generally a stronger impact on low-income consumers, since they have to spend a higher percentage of their income in public utilities. In the longer term, a rise in prices is expected to help finance an expansion of the public utility network.
Has Privatisation Achieved its Objectives? 30 As noted above, the privatisation processes include the following potential benefits: to improve public finances; to attract foreign direct investment and boost economic efficiency; to foster and enhance private sector development and economic liberalisation. The ultimate question is whether privatisation has benefited the poor. Empirical evidence to support the benefits derived from the privatisation process has been mixed. changing methods of work organisation, making their retention difficult.
The Bank Group organised a NEPAD Infrastructure Workshop in Abidjan 27-29 June 2002 for Regional Economic Communities to discuss and review the Short-Term Plan and the Terms of Reference for the Medium-Long perspective study. A number of other conferences and workshops have been organised to launch NEPAD activities, in particular on the African Peer Review Mechanism (APRM), market access, industrial strategies and export diversification and communication of NEPAD. A forum of African parliamentarians was also organised in October to mobilise members of African parliaments and therefore contribute to disseminating the NEPAD concept at political level beyond the inner circle of its implementation committee.
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