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In Africa, many governments have embraced the idea
of privatization, brought to the fore mainly as a part of the adjustment and stabilization programs of the mid-eighties and the
nineties. Privatization now frequently features in government policy statements and in conditionalities from donors. The past
decade has also seen the World Bank and other donors get increasingly involved in lending operations towards parastatal
sector reforms that included privatization components.
African countries share a number of common features in relation to the drive towards privatization. For most of these countries,
the first twenty years of independence were characterized by rapid growth, driven by favorable terms of trade and high levels of
public investments in infrastructure and services...
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