Privatization is now mainstream.
During the 1980's, the main proponents of privatizations were nations of the developed world, together with a number of Latin American nations. In the 1990's, however, the popularity of privatization widened considerably, spurred by the transition from Communism in Eastern Europe and the former Soviet Union. A majority of nations, including many in South and East Asia and sub-Saharan Africa now have privatization progrms of their own. IFC has been closely involved throughout this period. The report draws conclusion about whether privatization works and how to make it work best.