News (1368)

UN poverty expert warns against tsunami of unchecked privatisation

PSI welcomes this ground-breaking new report on "Extreme poverty and Human rights" which finds that "widespread privatisation of public goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty". "This report will certainly be helpful in pushing for an open debate at the UN on the impact of privatisation and whether PPPs are truly fit for purpose" says PSI General Secretary Rosa Pavanelli.

Global Unions Critique the World Bank’s flagship report at the Annual Meeting

The World Bank’s World Development Report 2019:The Changing Nature of Work, has attracted significant criticism from trade unions and civil society since a draft was circulated earlier this year. PSI and BWI responded to the draft report and the work of the bank and its lending arm in a panel organised by PSI, BWI, UNI and ITUC, at the World Bank Civil Society Policy Forum.

Source: PSI

IMF Critical of UK Privatisation?

A new IMF study concludes that Britain’s underlying public finances are among the worst in the world, thanks to the cost of bailing out the banks after the financial crisis and because “the UK has done more to sell off public assets and consequently reduce the possible income from assets that could offset demands on the public purse” says The Guardian.

Source: The Independent

Report exposes how PPPs across the world drain the public purse, and fail to deliver in the public interest

Experts call for World Bank Group to end aggressive promotion of PPPs for public service provision. A new report exposing how public private partnerships across the globe have drained the public purse and failed to deliver in the public interest will be launched at the Annual Meetings of the World Bank in Bali this week (Wednesday October 10 at 1.30pm).

Source: eurodad.org

Argentina: 20 Years on, Has the IMF Really Changed Its Ways?

Argentinians are experiencing deja-vu this month as the government announces massive layoffs and a hiring freeze as part of an adjustment package attached to a loan from the International Monetary Fund (IMF). Thousands of public servants are being forced yet again to swallow the bitter pill of austerity, which the IMF programme – published last Friday – aims to patch up through increased targeted social assistance.

Source: triplecrisis.com

The End of Water Privatisation?

Across the world, a wave of remunicipalisations has delivered water services back into public hands, often after decades of private mismanagement.

Source: www.world-psi.org

Japan Enacts a Revised Water Supply Act to all for-profit PPPs

Despite the mounting evidence of the problems of public-private partnerships (PPPs), private concessions, or other forms of turning public water utilities into profit machines for private corporations, the pro-market national government of Japan snuck in a legislative provision to do just that. PSI supports Jichiro, Zensuido and allies opposing water privatisation bill in Japan.

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