In other words, the political liberalization observed during the last few months needs to be matched by a carefully designed economic liberalization and stabilization program. Moreover, it appears that the government did not take stock of the country’s past privatization experience before undertaking a new wave of privatization. Thus, privatization in a networked or captured economy of course transfers public assets in disguised and opaque ways to those who are already connected. With regard to the methods of privatization, there are several ways of disposing state assets. Revenue raised from privatization, as the ones reported in Privatization Barometer must not be the only incentive for the upcoming Ethiopian privatization.

Source: Ethiopian News September 13, 2018 02:03 UTC