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PublicationRecent Trends in Private Activity in Infrastructure : What the Shift Away from Risk Means for Policy(World Bank, Washington, DC, 2008-05) Mästle, Clemencia Torres de; Izaguirre, Ada KarinaIn 2006, private participation in infrastructure continued its recovery for the third consecutive year from the steep downturn of the late 1990s. Activity was more evenly spread across all developing regions. However, it became more concentrated in less risky sub sectors, reflecting a lower appetite for risk among private investors. Greater selectivity has facilitated private sector's renewed interest, but it also raises questions about how governments can best tap private operators' abilities in high-need, high-risk areas such as water and electricity distribution. Recent projects in these areas indicate that the public sector together with the international financial institutions remains the main source of investment funding. As governments create arrangements to attract private participation, they also need to ensure an equitable distribution of benefits among investors, taxpayers, and service users. PublicationWorldwide Trends in Private Participation in Roads : Growing Activity, Growing Government Support(World Bank, Washington, DC, 2008-05) Queiroz, Cesar; Izaguirre, Ada KarinaPrivate participation in roads revived strongly in developing countries in 2005-06. The activity was concentrated in green field projects and in Asia and Latin America. The main reason for the revival has been the willingness of governments to provide support needed to attract the private sector. Nevertheless, governments need to be aware of the potential risks of such support. And because of the monopolistic features of road projects, they also need to ensure good governance so that the public reaps the full benefits of the private sector's involvement. PublicationPrivate Participation in Infrastructure in Europe and Central Asia : A Look at Recent Trends(World Bank, Washington, DC, 2007-08) Vagliasindi, Maria; Izaguirre, Ada KarinaThis note asserts that Eastern Europe and Central Asia is attracting more investment to infrastructure projects with private participation than any other developing region except Latin America. Members of the European Union (EU) and countries seeking membership account for most of the investment. The Russian Federation is emerging as a leader both in attracting private activity and in sponsoring projects in neighboring countries. Telecommunications and energy are the leading sectors. But new regulatory challenges are emerging as a result of exclusivity periods in telecommunications and greater market concentration and vertical reintegration in energy. PublicationRevival of Private Participation in Developing Country Infrastructure(World Bank, Washington, DC, 2007-01) Kerf, Michel; Izaguirre, Ada KarinaInvestment in private participation in infrastructure projects in developing countries in 2004 and 2005 increased sharply. Meanwhile, the distribution of investment across sectors and regions, and the allocation of risks between public and private parties, were shifting. Private sponsors started putting more emphasis on risk mitigation strategies. To take advantage of private sponsors' renewed interest in infrastructure projects, governments need to create risk sharing arrangements that attract private operators while also benefiting governments, taxpayers, and users.