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Sunday, May 12

Forbes / Reuters Delay won't derail Peru privatizations--minister: "'Some of the bidders needed a little more time and I believe it's a perfectly reasonable request that will in no way derail the (electric utility privatization) process under way,' Pedro Pablo Kuczynski told RPP radio. He said the unexpected third postponement of the $156 million joint sale of electric generators Egasa and Egesur, part of the poor nation's plan to raise up to $800 million this year to help meet fiscal goals, would not scare off investors." PPK does not have the political punch to ram through privatizations like Fujimori had in the previous decade when he had a stranglehold on Congress and the media.

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