Chapter

Sustainable Energy Development in Latin America and Donor Driven Reform: What Will the World Bank Do?

Lila K. Barrera-HernÁndez

in Regulating Energy and Natural Resources

Published in print March 2006 | ISBN: 9780199299874
Published online January 2010 | e-ISBN: 9780191714931 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199299874.003.0004
 Sustainable Energy Development in Latin America and Donor Driven Reform: What Will the World Bank Do?

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The social and environmental impact of past donor induced reform and the resulting regulatory models in use in Latin America have contributed to giving International Financial Institutions (IFIs) a tarnished reputation. For a while now, IFIs have been under fire not just for pushing a one-size-fits-all agenda for economic and regulatory reform through loan operations but also for allowing the impacts of donor funded projects to reach unprecedented levels of social and environmental impacts. This chapter looks at past and present conditionality practice and its impact on energy-sector regulatory development. Two case studies, one in Argentina and one in Peru, are offered as examples. Some conclusions on the possible direction of conditionality practice and regulatory development in Latin America are drawn.

Keywords: International Financial Institutions; Latin America; Argentina; Peru; regulatory reform; energy-sector regulatory development

Chapter.  10686 words. 

Subjects: Public International Law

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