The present report draws on experience from industrialized and developing countries in terms of capital market financing of domestic infrastructure projects, and discusses the applicaiblity of these lessons in the Chinese context. It also describes the strategies these economies have adopted to...

This paper, prepared by the Private Sector Development Department at the initiative of the Africa Technical Department of the World Bank, examines the promise and challenge of infrastructure privatization in Sub-Saharan Africa, with particular emphasis on power, telecommunications, water, rail,...

Several African governments, like others throughout the world, have been experimenting for some time with private sector participation in the provision of water supply and sanitation services. Some of these governments, though not all, decided to establish asset holding companies, in an effort...

Several African governments, like others throughout the world, have been experimenting for some time with private sector participation in the provision of water supply and sanitation services. Some of these governments, though not all, decided to establish asset holding companies, in an effort...

Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets and liabilities and are thus vulnerable to different sets of devices. Some...

The problem of climate change seems to be a tragedy of the commons: despite the global benefits of reducing green-house gas emissions, no individual has any incentive to reduce his or her own emissions. Yet many people are making efforts to reduce emissions and putting pressure on businesses and...