A broad coalition of organisations is challenging the plan to privatise Ghana’s water system. They complain that the World Bank and IMF-promoted scheme will not extend services to poorer people or ensure fair pricing. The deal - which the IMF has just made part of its new conditions for Ghana - reflects the biases of the consultants which drew it up at a cost of $3million.
A new book examines the privatisation of infrastructure and government services.
The impact of the East Asia crisis on private infrastructure projects has been comparatively little discussed.
The Financial Times reported in July that World Bank East Asia Vice President Jean-Michel Severino admitted that the Bank and other organisations had been naive about the benefits of private infrastructure.