Outage: Investment Shortfalls in the Power Sector in Eastern Europe and Central Asia (Directions in Development) (repost)

ISBN: 0821387383

Category: Business

Tag: Economics and Finances


Posted on 2013-06-04. By anonymous.

Description


Ani Balabanyan, "Outage: Investment Shortfalls in the Power Sector in Eastern Europe and Central Asia (Directions in Development)"
English | 2011 | ISBN: 0821387383 | PDF | 120 pages | 5.2 MB

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.

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