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European Bank for Reconstruction and Development. EBRD and Telecommunications Regulatory Reform Paul Moffatt, Counsel, EBRD. South Eastern Europe Conference on Policy and Cooperation in Telecommunications - Belgrade 28-29 October 2002. EBRD and Telecommunications Regulatory Reform.
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European Bank for Reconstruction and Development EBRD and Telecommunications Regulatory ReformPaul Moffatt, Counsel, EBRD South Eastern Europe Conference on Policy and Cooperation in Telecommunications - Belgrade 28-29 October 2002
EBRD and Telecommunications Regulatory Reform • EBRD participation in the in the telecommunications sector; • EU & WTO telecommunications policy; • Core lessons from experience; • Key instruments for achieving sector reform; • Some developments in Serbia and regionally within south eastern Europe; • EBRD Serbia Telecommunications Regulatory TA.
EBRD participation in telecommunications Three general forms of participation in the sector: • Participation in privatisation of state-owned incumbents; • Participation in private sector operations; • Participation through the EBRD Telecommunications Regulatory Reform Programme. Emphasis on the adoption of modern EU and WTO consistent regulatory framework and practices as a precursor to investment.
EU and WTO telecommunications policy • The main objectives of modern telecommunications policy: • Market structures should ensure efficient allocation of resources, technical efficiency, innovative efficiency and fair competition; • Markets structure should ensure that services are available in the geographical markets in which they are demanded; • Universal Service should be achieved. • EU provides a comprehensive, detailed legislative and regulatory framework; • Key instruments for implementation are the EU telecommunication directives.
Core lessons from experience • Throughout the globe it has become abundantly clear that the provision of advanced communications networks and services at low prices is a fundamental building block of any modern economy; • Inexpensive, advanced communications services are essential to the competitiveness of every modern economy; • Some complexity involved in achieving such a goal; • Instructive to look to the experiences of more developed telecommunications marketplaces to identify some of the key instruments for successful sector reform.
Key instruments for achieving sector reform (I) • Coherent and modern telecommunications sector policy; • Primary purpose should be to set out in broad, clear, certain and easily identifiable form: • the key objectives; • A timetable for the achievement of those objectives; • the parties responsible for the development of the sector; and, • the means by which these objectives are to be achieved. • Guide marketplace to optimum (competitive) state.
Key instruments for achieving sector reform (II) • Early liberalisation; • Clear privatisation strategy and timetable; • Clear and certain legislative framework; • Solid institutional foundation, incl. an independent regulator; • Modern coherent tariff control policy; • Realistic tariff rebalancing schedule; • Workable interconnection regime; • Modern universal service policy and mechanism.
Some developments in Serbia and SEE Serbia • Preparation of new framework law; • Efforts to resolve commercial and contractual issues. Bosnia • Recent passage of new framework law (October 2002); • Implementation of new framework; • Proposals for privatisation. Albania • New 2000 EU based Telecommunications Law; • Liberalisation expected at end of 2002.
EBRD Serbia Telecommunications Regulatory TA Objectives • Adoption of a modern telecommunications sector policy; • Establishment of an independent regulatory authority with the means to enforce the regulatory framework; • Adoption of a modern licensing policy and the drafting of the main licences; • Adoption of a modern interconnection and tariff policy; • Adoption of a modern universal service policy; • Improvement of general awareness on telecommunications law and policy.
Further information moffattp@ebrd.comTel: +44 (0) 20 7338 6000www.ebrd.com/telecoms