Mobilizing private finance for local infrastructure in Europe and Central Asia PDF Download

Author: Michel Noël
Publisher: World Bank Publications
ISBN: 9780821360552
Category : Infrastructure (Economics)
Languages : en
Pages : 92

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Book Description
Annotation "In recent years, the countries of the Europe and Central Asia (ECA) Region have experienced a marked decline in the interest of international private operators and investors in municipal infrastructure projects, in line with the trend experienced in other emerging markets. The objective of this paper is to explore the possible innovative elements of a Public-Private Partnership (PPP) in an effort to rekindle the sagging private finance interest in municipal infrastructure in the ECA Region. The contemplated PPP model would involve government, municipalities, Local Infrastructure Investment Trusts, private equity funds and/or turnaround advisors, and International Financial Institutions."

Author: Michel Noël
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 96

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Book Description
It also reviews investors' attitudes toward future PPI in ECA, drawing on key findings of existing surveys and on anecdotal evidence from interviews with private equity investors."--Jacket.

Author: Hilary Devine
Publisher: International Monetary Fund
ISBN: 1513571567
Category : Business & Economics
Languages : en
Pages : 161

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Book Description
The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.

Author: Vickram Cuttaree
Publisher: World Bank Publications
ISBN: 0821387030
Category : Business & Economics
Languages : en
Pages : 144

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Book Description
The recent international financial crisis has significantly affected Governments' ability to invest in infrastructure in Europe and Central Asia, with no counterbalancing effects by the private sector. The study identifies the issues dampening private participation in infrastructure in the region and recommends possible practical solutions.

Author: World Bank. Europe and Central Asia Region. Infrastructure Sector Unit
Publisher:
ISBN:
Category : Infrastructure (Economics)
Languages : en
Pages : 46

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Book Description
This strategy report identifies broad directions the Bank's work should take in developing infrastructure in Europe and Central Asia. They include the following: 1) Help provide external capital in countries acceding to the European Union. 2) Select and design projects contributing to resolving infrastructure-wide problems. 3) Enable expansion of sector activities, by involving assistance partners. 4) Disseminate more effectively the experience accumulated by borrowers and the Bank, and contribute to the consensus-building. 5) Address urban transport problems. Other conclusions advanced are for the Bank to: refrain from promoting project preparation until the key parties in the country agree on reform strategies; choose eligibility criteria for participants; analyze planned progress and assure funds for operation and maintenance; focus on combining policy and institution building work critical for reducing the fiscal burden of the roads sector; focus on key environmental issues; systematically select and design transport projects tied to advancing trade facilitation; provide advice and financing for railway restructuring; develop other modes of transport; emphasize institutional development and financial strengthening of the water and sewage sector; assist with strengthening local governments, financing urban services, and undertaking cultural heritage projects; support urban land market development; support major private investments; and facilitate emergency reconstruction.

Author: Roberto de Vera
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 56

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Book Description
The ongoing political decentralization in Asia, with central governments devolving to local governments the responsibilities of delivering key development projects and public services, calls for sound local government finance. Local government finance in the region exhibits several problems: deterioration of the fiscal health in many countries, mismatch between the delegated responsibilities and revenue-generating authority, resultant continued heavy reliance on central government transfers, and lack of political will to develop an external financing strategy to tap long-term private resources. In order for local governments to mobilize private savings for long-term infrastructure projects, it is imperative to develop municipal credit markets. Two models of municipal credit markets can be considered: the bank model popular in Western Europe and the bond model widely used in North America. The bond model has theoretically more advantages than the other. However, Asian local governments may start with either model considering the countries' social-cultural-political milieu and keep a proper combination of both models serving different segments of local credit markets.

Author: Sarah Tenney
Publisher: Scarecrow Press
ISBN: 0810878658
Category : Business & Economics
Languages : en
Pages : 455

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Book Description
This second edition of the Historical Dictionary of the World Bank shows the substantial progress the Bank has made, this mainly through the dictionary section with concise entries on its component institutions, related organizations, its achievements in various fields, some of the major projects and member countries, and its various presidents. The introduction explains how the Bank works while the chronology traces the major events over nearly 70 years. Meanwhile, the list of acronyms reminds us just who the main players are. And the bibliography directs readers to useful internal documentation and outside studies.

Author: George E Peterson
Publisher: SAGE
ISBN: 9780761935643
Category : Business & Economics
Languages : en
Pages : 368

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Book Description
This book highlights the need to boost infrastructure investment in cities as also the necessity for fiscal management across all levels of government-within the context of decentralizing service delivery responsibilities. The volume provides case studies reflecting various viewpoints and a range of success and failure stories from five countries. The topics covered include: - Impact of political and fiscal decentralization - Limitations on borrowing - Managing moral hazard - The role of the financial sector in striking a balance between controls and encouraging the local government to maintain fiscal discipline

Author: Frederik Pretorius
Publisher: John Wiley & Sons
ISBN: 0470697938
Category : Technology & Engineering
Languages : en
Pages : 372

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Book Description
This is a self-contained text on the logic and institutions of project finance, supplemented by a series of project finance case studies illustrating applications in different economic environments, across different jurisdictions and at different stages of development. It will introduce an analytical framework drawing on applied institutional economics that includes and concentrates primarily on an analysis of the institutional logic behind generic project finance arrangements. The application of the institutional framework will be demonstrated with project cases from Hong Kong, Thailand, India, Europe and Azerbaijan – each at different stages of development. While each project case will have a general theme and will highlight aspects of interest to built environment professionals, it will primarily be used to illustrate one or more specific PF/PFI principle.

Author: Hela Cheikhrouhou
Publisher: World Bank Publications
ISBN: 0821371401
Category : Law
Languages : en
Pages : 184

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Book Description
Structured Finance in Latin America explores how structured finance mechanisms can channel pension savings to support projects in underserved sectors, deepen capital markets, and contribute to investment and economic growth. Private pension funds have been accumulating assets rapidly in the wake of pension system reforms in many Latin American countries. Strict investment regulations to protect workers' savings have limited their investment in highly creditworthy domestic securities, yet pension fund demand for new securities has outstripped issuance of eligible traditional corporate debt instruments. This has contributed to a high concentration of pension fund assets in public debt. Innovative structured finance mechanisms can help bring to the market a new set of creditworthy securities backed by pools of loans to small borrowers, mortgage loans or the expected proceeds of large infrastructure projects. These mechanisms create new investment opportunities for pension funds, while establishing additional sources of funding for underserved market segments. Policy makers and regulatory authorities have a catalytic role to play in the development of structured finance securities by establishing a conducive legal, regulatory, and tax framework. Structured Finance in Latin America serves as a practical guide for development practitioners, policy makers, and others working in government, international or nongovernmental organizations, and financial institutions, who focus on finance and investment; infrastructure, transport, and urban development; housing finance; small and medium-sized enterprise development; and pension reform.