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Kathy Megyery - Facilitating foreign participation in privatization

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title Facilitating Foreign Participation in Privatization Occasional Paper - photo 1

title:Facilitating Foreign Participation in Privatization Occasional Paper (Foreign Investment Advisory Service) ; 8
author:Megyery, Kathy.; Sader, Frank.
publisher:World Bank
isbn10 | asin:0821338242
print isbn13:9780821338247
ebook isbn13:9780585264837
language:English
subjectPrivatization, Investments, Foreign.
publication date:1996
lcc:HD3850.M44 1996eb
ddc:338.9/2
subject:Privatization, Investments, Foreign.
Page i
Facilitating Foreign Participation in Privatization
Kathy Megyery
Frank Sader
Foreign Investment Advisory Service
Occasional Paper 8
Foreign Investment Advisory Service
a joint facility of the International Finance Corporation and the World Bank
Facilitating foreign participation in privatization - image 2
Page ii
1996 The International Finance Corporation, and the World Bank, 1818 H Street, N.W., Washington, D.C. 20433
All rights reserved Manufactured in the United States of America First printing January 1997
The International Finance Corporation (IFC), an affiliate of the World Bank, promotes the economic development of its member countries through investment in the private sector. It is the world's largest multilateral organization providing financial assistance directly in the form of loans and equity to private enterprises in developing countries.
The World Bank is a multilateral development institution whose purpose is to assist its developing member countries further their economic and social progress so that their people may live better and fuller lives.
The findings, interpretations, and conclusions expressed in this publication are those of the authors and do not necessarily represent the views and policies of the International Finance Corporation or the World Bank or their Boards of Executive Directors or the countries they represent. The IFC and the World Bank do not guarantee the accuracy of the data included in this publication and accept no responsibility whatsoever for any consequences of their use. Some sources cited in this paper may be informal documents that are not readily available.
The material in this publication is copyrighted. Request for permission to reproduce portions of it should be sent to the General Manager, Foreign Investment Advisory Service (FIAS), at the address shown in the copyright notice above. FIAS encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
For a copy of Update describing new publications contact the Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A. or Publications, The World Bank, 66, avenue d'Ina, 75116, Paris, France. A catalog and ordering information are also available on the Internet at http://www.worldbank.org .
Library of Congress Cataloging-in-Publication Data
Megyery, Kathy, 1962
Facilitating foreign participation in privatization / Kathy
Megyery, Frank Sader.
p. cm.(Occasional paper / Foreign Investment Advisory
Service ; 8)
Includes bibliographical references (p. ).
ISBN 0-8213-3824-2
1. Privatization. 2. Investments, Foreign. I. Sader, Frank.
II. Foreign Investment Advisory Service. III. Title. IV. Series:
Occasional paper (Foreign Investment Advisory Service) ; 8.
HD3850.M44 1996
338.92dc20 96-36763
CIP
Page iii
Contents
Abstract
v
Preface
vi
Acknowledgments
vii
Executive Summary
viii
1. Introduction
1
2. The Role of Foreign Investment in Privatization
2
Picture 3
Why Privatize?
2
Picture 4
Why Sell to Foreigners?
3
3. Fundamental Principles of Successful Privatization
7
Picture 5
Three Overarching Principles
7
Picture 6
Political Commitment
8
Picture 7
Business Orientation
8
Picture 8
Fairness and Transparency
9
Picture 9
The Application of these Principles
9
4. Privatization Strategy
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