Privatisation trends

For the first time since 1994, global privatization activity recorded a sharp decline in 1998. Proceeds dropped by 26% to around $114.5 billion, from an all time high of $153.8 billion in 1997. As in previous years, the bulk of privatization revenues were generated in OECD countries, some $86 billio...

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Veröffentlicht in:Financial market trends 1999-02 (72), p.129
Hauptverfasser: Nestor, Stilpon, Mahboobi, Ladan, Bertrand, Ayse, Cimper, Agnes
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Mahboobi, Ladan
Bertrand, Ayse
Cimper, Agnes
description For the first time since 1994, global privatization activity recorded a sharp decline in 1998. Proceeds dropped by 26% to around $114.5 billion, from an all time high of $153.8 billion in 1997. As in previous years, the bulk of privatization revenues were generated in OECD countries, some $86 billion or around 75% of global privatization revenues. Most of the activity took place among the European members of OECD. Privatization activity in non-OECD countries, still robust in 1997, was drastically reduced as the financial crisis in Asia and Russia reduced cross border investment and shook investor confidence. Proceeds were halved to $28.5 billion, reducing non-OECD share of activity to about a quarter of total. Statistical data on global privatization are presented and discussed.
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issn 0378-651X
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subjects Banking
Economic aspects
Economic conditions
Economic development
Electricity
European Monetary Union
Initial public offerings
Institutional investments
International aspects
International economic relations
Investments
Investors
Manycountries
Privatization
Sales
Statistical data
Success
Trends
Volatility
title Privatisation trends
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