Bangladesh's Privatization Policy

8 Pages Posted: 2 May 2001

Date Written: 1999

Abstract

This paper provides an overview of Bangladesh's Privatization Policy. The present policies can be improved if the terms and conditions of the sale are well-defined and upheld. Discipline in the financial sector is a necessary condition for the success of the privatization program. Without financial sector discipline, privatization may offer avenues for rent-seeking. The tendering process for selling enterprises should be strengthened to attract many potential buyers. The proceeds from privatization could be used for workers' compensation and labor training. Privatized monopolies have to be well regulated. The issues of time framework, program effectiveness, and the role of the capital market in privatization are also discussed. Privatization policy must be accompanied by other policy measures to ensure that the buyer profits from productive endeavors because privatization is not an end itself.

Keywords: Privatization, Policy, Public Enterprise, Bangladesh

JEL Classification: L33, L98, H80

Suggested Citation

Akram, Tanweer, Bangladesh's Privatization Policy (1999). Available at SSRN: https://ssrn.com/abstract=262561 or http://dx.doi.org/10.2139/ssrn.262561

Tanweer Akram (Contact Author)

Citibank ( email )

Irving, TX 75039

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