The state can play a part in privatization by ensuring that resources are allocated efficiently, not just to the best candidates but also to the most productive sectors. That is to say, privatization can be undertaken as part of a state’s development strategy and can be an important part of a development process. In these circumstances, privatization needs to be examined against state theory.

Remarks by Martín Guzmán at 12th Edition of the Paris Forum: Key findings and conclusions of the Jubilee Report
Dear members of the Paris Club Secretariat, Thank you for the invitation to present some of the key findings and conclusions of the Jubilee Report, commissioned by Pope Francis and prepared by a Commission of