Articles liés à Outage: Investment Shortfalls in the Power Sector in...

Outage: Investment Shortfalls in the Power Sector in Eastern Europe and Central Asia - Couverture souple

Balabanyan, Ani; Vrenezi, Edon; Pierce, Lauren; Hankinson, Danzel

 
9780821387382: Outage: Investment Shortfalls in the Power Sector in Eastern Europe and Central Asia

Synopsis

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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