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Budget Issues: Privatization Practices in Argentina

  Premium   Download PDF Now (17 pages)
Report Type Reports and Testimonies
Report Date March 19, 1996
Report No. AIMD-96-55
Subject
Summary:

This report, part of GAO's ongoing work related to privatization practices in other nations, focuses on the divestiture experiences of Argentina. In a December 1995 report (GAO/AIMD-96-23), GAO examined the divestiture experiences of Canada, France, Mexico, New Zealand, and the United Kingdom. For Argentina, GAO focused on policies and procedures for the divestiture of entities, as it did in its reviews of the above countries. GAO also examined the policies and procedures used to award concessions--the process by which the government gives a private firm the right to operate a government entity. Between 1990 and 1993, more than half of the privatizations in Argentina occurred through the awarding of concessions. Specifically, this report discusses (1) the privatization process in Argentina, (2) the valuation and the preparation of assets for sale, and (3) the use of sale proceeds.

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