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Infrastructure Finance in Developing Countries

17:30 - 19:00 06 March 2014

Location: Torrington (1-19) B17 Basement LT

Infrastructure Finance in Developing Countries

The main purpose of this lecture is to review the infrastructure privatization experience of developing countries. The large audience discussions of this topic have tended to be dominated by ideology rather than facts. The lecture reviews the political promises and the evidence made on the extent to which politicians (and donor agencies supporting privatization) delivered on their promises. The idea is to document the winners and a losers and how some countries have adjusted to correct mistakes and improve the quality and the quantity of services.
About the speaker

Antonio has Ph.D. in Economics (focusing on Regulation/IO/Public Economics) from Université Libre de Bruxelles, where he teaches as Professor of Economics (2008-now). From 1982 to 2007, he worked at the World Bank where he finished his career as Chief Economist for the Sustainable Development Vice-Presidency. Antonio’s  fields of expertise include public finance; design of public procurement processes in infrastructure; public-private partnerships designs; reforms, pricing and regulation of infrastructure services; public and private sector performance monitoring and benchmarking; decentralization, provincial and municipal management and reform; environmental management; and macroeconomic and fiscal performance evaluation.

Antonio Estache is delivering a series of three lectures during the second term of the 2013-14 academic year. These lectures will discuss the evolution of the scope and limits of the role of government in the delivery of public services in developing countries. The first lecture reviews the ways in which the case for government and its roles are discussed in the academic literature and policy circles. The second summarizes the debates on the importance of politics and institutions and their interactions with corruption. The last lecture revisits the debate on the relative role of the public and private sector in the financing of infrastructure - one of the key policy areas in developing countries.