%0 Journal Article %A Julia Cerenzia %T Establishing Sustainable Private Infrastructure in Emerging Markets %D 1999 %R 10.3905/jsf.1999.320205 %J The Journal of Structured Finance %P 53-63 %V 5 %N 2 %X 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's long term infrastructure needs. %U https://jsf.pm-research.com/content/iijstrfin/5/2/53.full.pdf