PUBLIC ENTERPRISE REFORM AND PRIVATIZATION

 

APRIL 5-16, 2010

tuition fee: $3950
 
course advisor contact email on-line application print application guide to dc
 

INTENDED AUDIENCE: Policymakers; managers and directors of public enterprises; members of public enterprise reform and privatization agencies; legal, financial and regulatory advisors.

COURSE OBJECTIVES: The seminar will explore policies and action alternatives to support public enterprise restructuring, reform and privatization efforts. How can policymakers inform and mobilize stakeholders, including employees, to understand the benefits of restructuring and privatization? How can national economic and social welfare factors be taken into account? Is privatization the only way to improve enterprise performance, to alleviate fiscal distress? Case studies will be used to illustrate the techniques and dilemmas of restructuring and privatization.

COURSE OUTLINE

Environment for Public Enterprise Reform
  • Fiscal distress and economic liberalization
  • Competition monopoly
  • Country risk; political environment

Factors Affecting the Performance of Public Enterprises

  • Measuring the performance of public enterprises
  • Corporate governance and board-management relations
  • Sources of finance, technology, management and monitoring

Restructuring Strategies

  • Legal, institutional and regulatory issues
  • Labor and management issues
  • Management contracts
  • Project finance alternatives, including BOT, concession, leasing and joint ventures

Designing and Implementing a Privatization Program

  • National privatization strategies
  • Preparation and marketing of the program
  • Valuation techniques and considerations
  • Selling the enterprise

Lessons of Privatization

  • International experiences in recent privatizations
  • Results of privatization
  • Assessing and documenting the economic and social welfare consequences of enterprise reform and privatization
  • Fostering and enabling environment for private sector development