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Squeezed by austerity and pressured to recover costs: Portugal’s municipal water operators in need of public bank finance

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  • Victoria Stadheim

Abstract

This article maps the relationship between public banks and municipal water operators in Portugal. Multilateral public banks play a central role in financing the sector. However, access to public banking finance plays out unevenly across Portugal’s heterogenous water landscape. While the state-owned bulk system appears to face no shortage of finance, there is evidence of a financing crisis at the municipal level, where austerity and pressures to recover costs through tariffs serve as obstacles to bank borrowing. With a new public financial institution in the making, the article argues that new public–public financing relationships should be explored.

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  • Victoria Stadheim, 2022. "Squeezed by austerity and pressured to recover costs: Portugal’s municipal water operators in need of public bank finance," Water International, Taylor & Francis Journals, vol. 47(5), pages 711-732, July.
    • Handle: RePEc:taf:rwinxx:v:47:y:2022:i:5:p:711-732
    DOI: 10.1080/02508060.2022.2097599
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    Cited by:

    1. Fabrizio Facchinetti & Antonio Massarutto & Ernesto Cassetta, 2024. "Finanza ?blended? per il settore idrico: alcune esperienze internazionali," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2024(2), pages 229-262.

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