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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Privatisation, participation and protest in the restructuring of municipal services: grounds for opposing World Bank promotion of 'public-private partnerships'
Author:Bond, PatrickISNI
Year:1998
Periodical:Urban Forum
Volume:9
Issue:1
Pages:37-75
Language:English
Geographic term:South Africa
Subjects:World Bank
transport
privatization
Link:http://link.springer.com/content/pdf/10.1007/BF03033129.pdf
Abstract:In the context of the highly politicized nature of municipal infrastructure privatisation, and at a time when South Africa faces enormous backlogs, the International Finance Corporation (IFC), the private sector investment subsidiary of the World Bank, made a large privatization investment with questionable financial calculations. This paper's review of the South African government's Reconstruction and Development Programme (RDP) mandate and of the World Bank's 'World Development Report 1994'(WDR), 'Urban Infrastructure Investment Framework' (UIIF) and 'Municipal Infrastructure Investment Framework' (MIIF), notes that notwithstanding sound policy directives in the first two documents, the Bank's South Africa staff and some of their local colleagues failed to construct an infrastructure investment framework that could a) internalize developmental externalities associated with infrastructure; b) decisively contribute to the reduction of poverty through infrastructure; c) incorporate economic multipliers in infrastructure investment calculations; d) incorporate infrastructure's environmental and public health effects; e) incorporate infrastructure's role in reducing gender inequality; f) establish an appropriate tariff pricing system that will accomplish the social as well as economic objectives associated with municipal infrastructure; and g) learn lessons from infrastructure project and privatization failures. Bibliogr.
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