In 1993, We designed, presented and chaired a ground-breaking seminar in Sydney entitled "From the public sector into the private sector" on behalf of the Financial Services Institute of Australasia (www.finsia.edu.au). That seminar explored the process of equitization, examining issues including:
In 1995, We were part of the PT Price Waterhouse Sutanto team that was responsible for implementing cultural and organisational change at PT Telkom, the government-owned telecommunications provider in Indonesia.
It has become increasingly apparent to development finance institutions that the analysis, skills and disciplined approach required in management of problem loans is also a vital attribute in the preparation of state-owned enterprises for privatisation. I was therefore retained in 2002 to advise the Asian Development Bank (ADB) which was, at that stage, negotiating with His Majesty's Government of Nepal (HMGN) for the implementation of a broadly based programme of privatisation of state-owned enterprises (SOEs).
During the first Mission in 2002, We:
The programme was suspended in late 2002 because of civil disturbances in Nepal. However, it subsequently recommenced, and I was asked by ADB and the (UK) Department for International Development (DFID) conduct a subsequent Mission.
In that 2nd Mission, We reported:
During the two Missions in 2004, I reported to ADB & DFID on:
This project is replicable in a number of other emerging market economies.
South Africa: +27 82 447 4256
Australia: +61 402 048 326