Public enterprise reform in adjustment lending

John Nellis

No 233, Policy Research Working Paper Series from The World Bank

Abstract: Specific divestiture dates and institutional public enterprise reform should probably not be a matter of hard conditionality for sectoral adjustment lending. One alternative is to establish institutional development projects that parallel adjustment operations. Another is to establish primary conditions, nonfulfillment of which would bring an operation to a halt, and secondary conditions (including most institutional and public enterprise reforms), nonfulfillment of which would evoke sanctions but not end operations.

Keywords: Banks&Banking Reform; Enterprise Development&Reform; Country Strategy&Performance; Municipal Financial Management; General Technology (search for similar items in EconPapers)
Date: 1989-08-31
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Citations: View citations in EconPapers (2)

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