brazil privatisation

Privatisations, today known by the euphemism of public private partnerships, started in Brazil in the 1990s to overcome inefficient public services. Known as the National Privatization Program (PND), the plan earned $40bn between 1990 and 2009.

But not all privatisations are the same. Some, in fact, require a lot of government backing – and footing the bill if the private sector gets its sums wrong. Read more