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Context of '1991: Head of Buenos Aires Water and Sewer Utility Says Privatization Needed'

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testtest [Source: test] (click image to enlarge)The population of Buenos Aires grows from 3 to 9.5 million. During this time, the city’s public water and sewage utility company, Obres Sanitarias, is hit with a number of budget cuts recommended by the IMF and World Bank, and cannot afford to implement the needed upgrades and improvements. By the late 1980s, it is apparent that the utility will need a huge infusion of capital to extend its services to the new inhabitants of the city. [Public Citizen, 6/14/2007] Less than two thirds of the city’s population is connected to the water system while less than half has access to the sewers. Moreover, up to 50 percent of the system’s water is lost because of leaks. As a result, the per capita consumption of water is an extremely high 600 liters per customer. [Inter Press Service, 4/13/1993; CBC News, 3/31/2004] The World Bank steps in and offers to lend Argentina hundreds of millions of dollars to upgrade the city’s water infrastructure—but only on the condition that it privatize Obres Sanitarias. [Public Citizen, 6/14/2007] Critics of the privatization plan will later argue that despite its lack of cash-on-hand, Obras Sanitarias was a “well-run company” with little debt and was capable of expanding on its own—had it been sufficiently funded. [Santoro, 2/6/2003]

Entity Tags: Obres Sanitarias de la Nacion, World Bank

Timeline Tags: Water

Eduardo Cevallo, head of the Buenos Aires’ public utility, Obres Sanitarias, says that the state is unable to come up with the billions of dollars in investments that are needed to prevent the collapse of the city’s water and sewer system. He thus argues that Obres Sanitarias is “a model for privatization.” [Santoro, 2/6/2003]

Entity Tags: Obres Sanitarias de la Nacion, Eduardo Cevallo

Timeline Tags: Water

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