Service Performance Guarantees for Public Utilities and Beyond

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Tác giả: Vijay Ramachandran

Ngôn ngữ: eng

Ký hiệu phân loại: 363.6 Public utilities and related services

Thông tin xuất bản: International Finance Corporation, Washington, DC, 2019

Mô tả vật lý:

Bộ sưu tập: Tài liệu truy cập mở

ID: 310194

Emerging market countries require substantial foreign investment for development, economic growth,and poverty alleviation. There are multiple challenges to attracting this investment, however, ranging from political and economic instability to corruption, poor security, and small market size. An additional challenge is inadequate delivery of key services like electricity and other utilities that private firms and investors rely on. Service performance guarantees are a promising approach to addressing this issue. These guarantees enable firms to purchase protection against poor or insufficient service delivery, and they may work particularly well in industrial or export processing zones by ensuring that shortfalls in service delivery are measured, reported, and addressed in a timely manner.
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