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This paper briefly reviews the main theories of state versus private ownership and empirical evidence on the impact of privatization in developing countries (including transition economies). The paper draws some lessons for policy and offers some suggestions on how to assess privatization, at least in countries where there is still scope for it. The paper suggests that although understanding of the efficiency gains of privatization has increased significantly in recent years, there is an important area about which little is known: the distributional effects of privatization. Whether arguing from the standpoint of welfare economics or political economy, distributional effects are critical to the outcome, or the perceived outcome, of privatization. Thus, there is a need to fully evaluate the ex ante and ex post impacts of privatization, the most effective types of regulation and ownership regimes, and the way in which losers, when there are any, can be compensated. This is a need that must be met by academics and development agencies, including the World Bank and regional development banks.

Bank Privatization --- Bankruptcy and Resolution of Financial Distress --- Banks and Banking Reform --- Budget constraints --- Capitalization --- Economics --- Economies in transition --- Emerging Markets --- Employment --- Externalities --- Finance and Financial Sector Development --- Financial performance --- Fixed costs --- Infrastructure Economics and Finance --- Infrastructure Regulation --- Investment spending --- Laws --- Local governments --- Municipalities --- Operating efficiency --- Private Sector Development --- Privatization --- Productivity --- Profitability --- Public enterprises --- Regional development banks --- Transition economies

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The IDB produces an annual report describing its activities and operations during the previous year. Annual reports also include an economic overview of the Latin American and Caribbean region, financial statements and institutional aspects.

Economic assistance --- Ontwikkelingsbanken. --- Leningen. --- Entwicklungsorganisation. --- Entwicklungsfinanzierung. --- Amerika. --- Lateinamerika. --- DEVELOPMENT BANKS. --- REGIONAL DEVELOPMENT BANKS. --- LATIN AMERICA. --- Inter-American Development Bank --- Economic assistance, American --- Economic assistance. --- Economic assistance, American. --- Economic history. --- Inter-American Development Bank. --- Latin America --- Caribbean Area --- Caribbean Area. --- Latin America. --- Economic conditions --- History, Economic --- American economic assistance --- Economic aid --- Foreign aid program --- Foreign assistance --- Grants-in-aid, International --- International economic assistance --- International grants-in-aid --- Asociación Latinoamericana de Libre Comercio countries --- Neotropical region --- Neotropics --- New World tropics --- Spanish America --- Caribbean Free Trade Association countries --- Caribbean Region --- Caribbean Sea Region --- West Indies Region --- B.I.D. --- Banca interamericana per lo sviluppo --- Banco Interamericano de Desarrollo --- Banco Interamericano de Desenvolvimento --- Banque interaméricaine de développement --- BID --- I.A.D.B. --- I.D.B. --- IADB --- IDB --- Inter-Amerikaanse Ontwikkelingsbank --- Miju Kaebal Ŭnhaeng --- Geografie --- Economische geografie --- Ontwikkeling. --- Mutual security program, 1951 --- -History, Economic --- Economics --- Economic policy --- International economic relations --- Conditionality (International relations) --- Banque interaméricaine de développement --- Labour market --- Third World: economic development problems --- Sociology of the developing countries --- -Economic aid --- Periodicals. --- Labor market --- Marché du travail --- Amérique latine --- Social conditions --- Conditions économiques --- Conditions sociales --- Equality --- Egalité (Sociologie) --- -Inter-American Development Bank --- Developing countries: economic development problems --- Social conditions. --- -American economic assistance