Privatisation and the use of water meters. A disaster.
After community management appeared to have failed, during the late 1980's and early 90's, the World Bank, IMF and other Western governments pushed for neo-liberal economic policies, such as supporting financial instruments for privatised delivery. It was promoted as a means to bring efficient business regulation into water service management, however, instead it has led to a reduction in access and a dramatic rise in price across the world, in which this blog will focus on South Africa. The World Bank advised certain governments including South Africa to decrease their grants and subsidies to local councils (Bond 2003) , which meant local governments and municipalities had no choice but to turn to commercialisation and privatisation of basic services such as water ( Bayliss 2013) . Then, they could enter into service and management partnerships with multinational water corporations which created a source of revenue no longer provided by the state (McDonald and Smith 2004)....