ABSTRACT
Privatisation is a term which covers a variety of distinct policies, ranging from government disengagement, deregulation and the sale of state owned enterprises and assets to the private sector. The concept of privatisation is not new but the emergence of interest in privatisation since the late 1970s has been the result of a growing disillusionment with the performance of state owned enterprises which in turn has become an integral part of the stabilisation adjustment programs implemented by the international financial institutions.
