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Privatization: World Bank
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UTI Bank was one of the first private banks to launch operations in the country in 1994, after the Government of India passed a resolution in favor of privatization. Tags: Bank, Red Hat Enterprise Linux, Linux, Red Hat Inc., Agent, Call-center, Uptime, UTI Bank, Call Centers, Real Estate, Customer Relationship Management (CRM), Open Source, It Operations, Business Operations, Enterprise Software, Software Case studies
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A similar approach to privatization is becoming increasingly evident across Africa. For years, African governments relied on large public sectors to stimulate economic development -- often because of the extreme weakness of indigenous private business during the immediate post-independence era -- but with the intensified push for economic liberalization by the IMF, World Bank and other creditor institutions, more and more African leaders are agreeing to privatize. This, they are told, will help cut public sector inefficiency and waste, provide greater scope to the private sector, attract more investment, bring in new technology and revive economic growth. At the same time, some governments want to proceed in a measured way, avoiding if possible the pitfalls, conflicts and setbacks that marked many of the privatizations carried out in the late 1980s and early 1990s.
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Ghanaians have ... mounted protests against the World Bank's water privatization push in their country. Public outcry over alleged bribes that influenced the bidding process forced the Ghanaian government to deny an initial contract to Enron/Azurix, and start the bidding process all over again. National CAP of Water observers say the bidding process continues to be closed off from public scrutiny, however.
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The largest water privatization contract in New England was secured for U.S. Water by a five-person negotiating team of senior executives from US Water. Bechtel Enterprises and United Utilities -- U.S. Water's parent companies -- guaranteed U.S. Water's price and performance. The guarantees are joint and several and capped at $100 million. United Utilities is one of the largest water and wastewater utility companies in the world, headquartered in the United Kingdom. Bechtel, headquartered in San Francisco, is among the world's largest engineering and construction companies.
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There has been almost no follow-up monitoring of privatized enterprises, so accurate figures on pre- and post-privatization employment levels are generally unavailable. The World Bank conducted a survey of 54 privatized enterprises in Benin, Burkina Faso, Ghana, Togo and Zambia and found that between the time of privatization and the first quarter of 1996, overall employment in the companies had declined by 15 per cent, ranging from a steep fall of 36 per cent in Benin to a very slight increase of 0.1 per cent in Burkina Faso. In 1999, the Sudan Workers Trade Unions Federation charged that some 40,000 workers had lost their jobs in that country since privatization began in 1992.
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Five Aces Breeding is the privatization of the University of Maryland small fruit breeding programs. Formally incorporated in 2002, the company and its client companies, Berry World Ltd., Vitalberry Marketing, Giumarra and Arofa, have raspberry breeding fields in Chile, England, Spain, Mexico, and several states. Five Aces Breeding has strawberry breeding fields in Chile, Miami (Pine Is. Produce), Richmond (Chesterfield Berry Farm), Western Maryland and Pennsylvania and Quebec (Novafruit).
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