Privatisation became the caveat of most international lending institutions, after the World Bank voiced dissatisfaction with the performance of public sector enterprises, especially those of Africa. Privatisation became seen as a way to sustain the gains from public sector reform programs, because of how difficult it is to reverse. (Bayliss, 2002).The World Bank (2000, p. 144) also assert that the provision of utilities such as power, water, and telecommunications requires immense investment. Privatisation provides a means for much of this funding to come from the private sector. Additionally, private sector development should lead to increased revenues accruing to the state, through taxation and the sale of assets, as well as through the reduction of the obligation to invest in utilities provision.Bayliss (2002) posits that private sector development indeed aids economic growth, which is a prerequisite for poverty alleviation, but claims there is no guarantee that Privatisation would lead to private sector development.Nonetheless, Bayliss (2002) posits that Privatisation can yet significantly impact poverty, because of it usually being a condition tied to aid funding release.International financial institutions such as the World Bank and the IMF (International Monetary Fund) have historically ignored poverty impacts of Privatisation. This poverty impacts slight is noteworthy, given the prominence of Privatisation in the structural adjustment programs these institutions once championed; programs aimed at alleviating the economic burdens of poor and heavily indebted countries.