Service Performance Guarantees for Public Utilities and Beyond : An Innovation with Potential to Attract Investors to Emerging Markets
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 corr...
| Main Authors: | , , |
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| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/405751547845579068/Service-Performance-Guarantees-for-Public-Utilities-and-Beyond-An-Innovation-with-Potential-to-Attract-Investors-to-Emerging-Markets http://hdl.handle.net/10986/31201 |
| Summary: | 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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