{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Mexico privatization

Mexico privatization - Privatization in Mexico Click to...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style 1/25/11 Privatization in Mexico Liliya Yotova
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
1/25/11 The first period lasted from 1982-1988: began as the result of a “Restructuring Program” with the aim of increasing the overall efficiency of the public sector The program involved restructuring measures as well as a general “cleaning up” of the sector through liquidations, mergers, transfers, and privatizations Nearly 300 SOEs were liquidated or shut down and 157 were privatized .
Background image of page 2
1/25/11 The second period lasted from late 1988 to 1993: Firms sold represent over 96 percent of all assets privatized, and they employed 311,000 workers, or 35 percent of the total workforce of SOEs To manage this huge task in such a short time, the President created a special unit within the Ministry of Finance, the Office of Privatization of State-Owned Enterprises (OP), to coordinate a decentralized process that encouraged the involvement of commercial banks, foreign businesses and financial valuators
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
1/25/11
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}