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This is an overview of privatization in Latin America in the early 1990's, which has reference to the Conference on that subject held in Buenos Aires, Argentina in March 1995. It presents, in an analytical and comparative manner, the objectives of privatization as pursued in the Latin American region, the actual experience and the impacts, the continuing issues concerning regulation, competition and social safety nets. The views of the Conference participants are mentioned, particularly where there appeared to be either consensus or obvious disagreement. The Conference consisted of experts from many countries in the Latin American region placed in varying situations of development and characterized by dissimilar privatization programmes: one could not anticipate complete uniformity of views or conclusions. A number of individual country papers are also included.