Latin America - Caribbean Privatization Conference
Latin America - Caribbean Privatization Network
January 22-23, 1996 - Lima, Peru
Background
1. On March 30 and 31, 1995, the Latin American Economic System (SELA) held a "Meeting of High Officials in Charge of the Privatization Processes in Latin America and the Caribbean" in Caracas, Venezuela, which was aimed at exchanging knowledge, ideas, and experiences on privatization policies followed in the Region since the 1980s.
2. During that Meeting, the participants agreed to establish a regional Mechanism to exchange information on privatization policies and other issues related to privatization between governmental authorities, private investment banks and consultancy firms, and international and regional organizations. Subsequently, in July 1995, the XXI Latin American Council of SELA approved the establishment of the Mechanism.
3. Pursuant to this mandate, on January 22 and 23, 1996, in Lima, Peru, the Latin America-Caribbean Privatization Conference ("the Conference"), organized by the Permanent Secretariat of the Latin American Economic System (SELA), the World Bank, and the Peruvian Commission for Private Investment Promotion (COPRI), resolve to establish the Latin American-Caribbean Privatization Network ("the Network"), whose objectives are indicated herein.
Objectives
4. The Network seeks the following fundamental objectives:
- To provide a forum for dialogue and the exchange of information, ideas, and experiences among senior public agencies in charge of privatization policies; regional and extra-regional private investment banks and consultancy firms participating in privatization processes; privatized companies, trade union leaders, and experts; regional and international organizations; and bilateral donor agencies.
- To examine privatization processes carried out in the Region, their economic and social impact, and their perspectives. Also to assess the evolution of the regulatory and legal frameworks established in the context of privatization policies.
- To support the coordination of regional and international actions and initiatives developed in respect of privatization.
Participants
5. The Network shall include governmental and non-governmental agencies in charge of privatization policies in the 27 SELA Member States. Representatives from regional and international organizations and bilateral donor agencies attending the Conference shall also be invited to participate in the activities of the Network.
Structure And Management
6. An Executive Committee ("the Committee") will be created consisting of: 2 representatives from SELA Member States, 1 representative of the World Bank to be appointed by the the Vice President, Cofinancing and Financial Advisory Services and 1 representative from a regional or international organization or bilateral development agency.
7. A government representative of one SELA Member State shall serve as the Chairperson of the Committee for the first year, and may be re-appointed. The appointment of the Committee will be effective from the date of the Conference until the date of the second meeting of the Network. All subsequent members of the Committee shall be nominated by the outgoing Committee and approved by the next meeting of the Network.
8. Members of the Committee shall serve as such without compensation from the Network.
9. The Permanent Secretariat of SELA shall provide technical support to all the Network's activities, as well as to the meetings of the Committee. The Latin American Council of SELA will be regularly informed of the activities of the Network and of the Committee.
10. The Executive Committee shall identify the financing sources, at the regional and extraregional level, for the support of the Network's activities.
11. Except in the cases indicated in this Agreement, the Committee may determine its own procedures.
Meetings
12. The Network shall hold plenary and/or technical meetings in each calendar year, or more frequently if the Committee shall determine. The Committee shall determine the nature and scope of each meeting (objectives, agenda, participants, etc.). The venue for each meeting shall be determined by the Committee and shall be in one of the SELA Member States.
13. The business of the plenary meetings shall be:
- To approve the work programme and budget for the ensuing year,
- To nominate the members of the Committee to hold office until the next plenary meeting of the Network.
14. The decisions of the Network shall be made by consensus.
Interpretation
15. The Committee shall resolve any question or dispute as to the interpretation of this Charter.
