The Public Enterprises Evaluation and Privatisation Agency (PEEPA) will tomorrow (Monday September 19, 2011) hold a national Stakeholder Consultative Forum aimed at discussing the draft Privatisation Master Plan II.
The consultative forum will be held at the Gaborone International Convention Center (GICC).
The agency said in a statement the forum will attract participants from the central Government, Local Authorities, Financial Institutions, Parastatals, International Organisations, the private sector, Civil Society, the media and other players in the economy. Contributions from participants will inform finalisation of the proposed roadmap for the national privatisation programme for implementation between 2012 to2017.
The current privatisation Master Plan was adopted in 2005 and it has become necessary to review it in order to come up with a new one.
The motivation to revise the first Master Plan of 2005 emanates from the realisation that new opportunities and challenges, posed by contemporary market dynamics that did not exist at the time of its adoption have emerged. These require focused and relevant solutions in order for the privatisation programme to be effectively implemented.
The Privatisation Master Plan II for 2012 -2017 will not shift from the broader framework of the Privatisation Policy of 2000 which recognised that the private sector is better placed to deal with market forces to drive the economy as opposed to Government. The plan will among other things identify services and public enterprises that were not included or did not exist at the time of adopting the first Master Plan of 2005 while suitable for consideration under the privatisation programme.
In order to achieve the intended national interests, the new Master Plan will be implemented within the broader national policy framework as set out in the National Development Plan 10 (NDP 10), Vision 2016 pillars, the Economic Diversification Strategy, and other National reform programmes.
Above all, it will provide a framework for coordinating and focusing the privatisation programme to the present economic dictates to ensure effective implementation of current and future transactions.
Several studies in Africa reveal that countries that have already implemented well-coordinated privatisation programmes have seen positive contributions of the private sector in the economy as well as an increase in their contribution to the national fiscal budget through tax revenue.
The current decline in Government revenue calls for a robust partnership between Government and the private sector with an ultimate goal of growing the economy and pushing development programmes.
The guest speaker will be the Minister for Finance and Development Planning.