Cover image for Outage : Investment shortfalls in the power sector in Eastern Europe and Central Asia.
Outage : Investment shortfalls in the power sector in Eastern Europe and Central Asia.
Title:
Outage : Investment shortfalls in the power sector in Eastern Europe and Central Asia.
Author:
Balabanyan, Ani.
ISBN:
9780821387399
Personal Author:
Physical Description:
1 online resource (120 pages)
Series:
Directions in Development
Contents:
Half Title Page -- Title Page -- Copyright -- Contents -- Foreword -- Acknowledgments -- Abbreviations -- Chapter 1 Executive Summary -- Notes -- Chapter 2 Introduction -- Chapter 3 Impacts of the Financial Crisis -- Macroeconomic Effects -- Effects on Power Sector Financial Performance -- Notes -- Chapter 4 Financing Needs -- Investment Gap -- Sources of Financing Available After the Financial Crisis -- Notes -- Chapter 5 Conclusions -- Effects of the Financial Crisis -- What the Financial Crisis Did Not Affect -- Chapter 6 Recommendations -- Prioritize Public Spending -- Create Favorable Environments for Investment -- Role for the World Bank -- Notes -- Appendices -- Appendix A: Overview of Power Sectors in Case Study Countries -- Appendix B: Priority Investments in Case Study Countries -- Back Cover.
Abstract:
This study analyzes the impacts of the financial crisis on power sectors in five countries in the region: Armenia, Kyrgyz Republic, Romania, Serbia and Ukraine. Before the financial crisis, these countries faced expected power shortages as a result of large investment gaps. With the financial crisis, GDP dropped, leading to a drop in demand for electricity. The drop in demand created a window of opportunity for meeting investment needs, but the crisis has limited the sources of financing available to the sector. In the post-crisis period, the study concludes that policymakers need to prioritize public spending and create a legal and regulatory environment more conducive to private investment.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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