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It also explicitly provides for the establishing of a Public Debt Management Committee and a Public Debt Financing Committee and for the annual tabling of a comprehensive public debt management strategy and borrowing plan. To generate the benefits of electricity reform on schedule, the government’s first priority should be to implement legal reforms that: – Put into place a competitive structure of the industry before privatisation. – Establish a regulator, independent, resourced, with transparent procedures, and requirements for accountability. – Implement regulation to protect consumers and independent generators from abusively high prices or unfair terms and to provide incentives for monopolies to behave efficiently; and exploit the new ways to use regulation to efficiently achieve environmental and safety objectives. – Facilitate the transition to competition.

Pages: 239

Publisher: Addison-Wesley Pub (Sd) (October 1997)

ISBN: 020187444X

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