|The Annual Bank Conference on Development Economics (ABCDE) brings together academics, policy makers, representatives of multilateral and bilateral agencies, research institutes, civil society organizations, students, and journalists, and thus provides an excellent opportunity to foster exchange of knowledge and understanding of development issues. ABCDE 2007 took place in Bled, Slovenia, and was co-organized by the World Bank and the Ministry of Finance of Slovenia. It gathered together over 400 participants over two days to discuss the theme of Development and the Private Sector.
François Bourguignon, Chief Economist and Senior Vice President for the World Bank, talked about the process of privatization in developing and transition countries;
and possible policy conclusions for other countries, by evaluating two aspects of privatization:
efficiency and distribution impact. He raised the question of whether it makes sense to push
further privatization in certain countries. He concluded by saying that when we look at
competitive privatization, the overall gain is almost certain, with less distribution