FEEM and KPMG publish the 2012 Privatization Barometer Annual Report
While 2012 was not an especially good year for global investment banking or capital markets generally, it was an excellent year for privatizations. The total value of privatizations last year, $189.37 billion (€145.66 billion), was the third highest on record. The United States raised more proceeds through privatization sales than any other country while the €28.5 billion ($37.6 billion) raised by EU governments represented only 19.9% of the worldwide total, the lowest on record. The governments have announced plans to divest over $100 billion (€75 billion) annually for at least the next two years, and the continuing fiscal challenges suggests that privatization programs will remain a central issue for many years to come.