@article {Cerenzia53, author = {Julia Cerenzia}, title = {Establishing Sustainable Private Infrastructure in Emerging Markets}, volume = {5}, number = {2}, pages = {53--63}, year = {1999}, doi = {10.3905/jsf.1999.320205}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Continued economic growth in many emerging markets will require increases in the stock and quality of infrastructure that significantly exceeds the availability of public funds for such projects. As a result, many emerging market countries wish to attract international private capital to finance infrastructure projects and to realize market efficiency in these sectors. However, privatization must not be narrowly viewed as a transfer of assets currently held by the public sector into the hands of the private sector. Instead privatization must be pursued as a far more comprehensive process of fundamentally transforming a public sector into a viable private sector, and establishing a business environment in which the private sector can successfully meet the country{\textquoteright}s long term infrastructure needs.}, issn = {1551-9783}, URL = {https://jsf.pm-research.com/content/5/2/53}, eprint = {https://jsf.pm-research.com/content/5/2/53.full.pdf}, journal = {The Journal of Structured Finance} }