ebrary, Inc text Electronic books. dcu Washington, D.C S.l.] World Bank Public-Private Infrastructure Advisory Facility c2004 2004 monographic eng

electronic

electronic resource

91 p. Infrastructure in Lesotho is relatively undeveloped with poor coverage and low-quality services common to many African countries that have low per capita incomes and government fiscal limitations that constrain infrastructure investment. This report finds that private participation in infrastructure could offer Lesotho three key advantages: (1) augmenting budget resources in cases where the private sector undertakes to finance projects or services that would not otherwise be funded, (2) improving the quality and efficiency of service delivery, and (3) accelerating investments in infrastructure. By the same token, the report makes clear that private participation in infrastructure carries significant down-side risks that, despite the best of intentions, could lead to negative fiscal impacts, lower than expected service quality, disruptions to service, or more dire consequences. Accordingly, the need to establish private participation in infrastructure implementation and post-transaction oversight capacity is deemed to be of paramount importance if the Lesotho Government is to embrace an overall strategy for private participation in infrastructure. Electronic reproduction. Palo Alto, Calif. : ebrary, 2009. Available via World Wide Web. Access may be limited to ebrary affiliated libraries. Infrastructure (Economics) Lesotho Public-private sector cooperation Lesotho Infrastructure, Transport, and Urban Development Private sector HC920.Z9. C37 2004eb 363.096885 http://site.ebrary.com/lib/rucke/Doc?id=10081815 http://site.ebrary.com/lib/rucke/Doc?id=10081815 CaPaEBR 050623 ebr10081815