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Privatization by capitalization - the case of Bolivia : a popular participation recipe for cash-starved SOEs (Английский)

While campaigning for the 1993 presidential election, Gonzalo Sanchez de Lozada proposed the unique Bolivian model of capitalization -- "Plan de Todos" (Plan for everyone)--for six large state enterprises in key sectors. The enterprises would be offered for sale by international tender. The successful bidder would pay the agreed price not to the government, but into the company itself. The cash would be used for investment in the sector. Initially...
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