Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Analyst
- Privatisation has become a central plank of Saudi Arabia’s plan to reduce the role of the public sector in the economy.
- The experience from Latin America, where large-scale privatisation programmes were launched, highlights that such initiatives can succeed.
- Over the 1988-2008 period, privatisation proceeds made up 0.5% of GDP in Latin America, 0.2% of GDP in Sub-Saharan Africa and South Asia, 0.14% of GDP in MENA and 0.1% of GDP in Europe, Central & East Asia.
The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.
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