Lessons for the urban century: decentralized infrastructure finance in the World Bank
Gespeichert in:
Hauptverfasser: | , , |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Washington, DC
World Bank
2008
|
Schriftenreihe: | Directions in development : infrastructure
|
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis Klappentext |
Beschreibung: | XXVI, 92 S. Ill., Kt. 23 cm |
ISBN: | 0821375245 9780821375242 |
Internformat
MARC
LEADER | 00000nam a2200000zc 4500 | ||
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100 | 1 | |a Annez, Patricia Clarke |e Verfasser |4 aut | |
245 | 1 | 0 | |a Lessons for the urban century |b decentralized infrastructure finance in the World Bank |c Patricia Clarke Annez ; Gwénaelle Huet ; George E. Peterson |
264 | 1 | |a Washington, DC |b World Bank |c 2008 | |
300 | |a XXVI, 92 S. |b Ill., Kt. |c 23 cm | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
490 | 0 | |a Directions in development : infrastructure | |
610 | 1 | 4 | |a Banque mondiale |
610 | 2 | 4 | |a World Bank |
610 | 2 | 7 | |a Weltbank |0 (DE-588)121364-7 |2 gnd |9 rswk-swf |
650 | 4 | |a Finances municipales - Pays en voie de développement | |
650 | 7 | |a Finanças públicas |2 larpcal | |
650 | 4 | |a Infrastructure (Économie politique) - Pays en voie de développement - Finances | |
650 | 7 | |a Países em desenvolvimento |2 larpcal | |
650 | 4 | |a Entwicklungsländer | |
650 | 4 | |a Municipal finance |z Developing countries | |
650 | 4 | |a Infrastructure (Economics) |z Developing countries |x Finance | |
650 | 0 | 7 | |a Infrastruktur |0 (DE-588)4026944-9 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Finanzlage |0 (DE-588)4238188-5 |2 gnd |9 rswk-swf |
689 | 0 | 0 | |a Weltbank |0 (DE-588)121364-7 |D b |
689 | 0 | 1 | |a Infrastruktur |0 (DE-588)4026944-9 |D s |
689 | 0 | 2 | |a Finanzlage |0 (DE-588)4238188-5 |D s |
689 | 0 | |5 DE-604 | |
700 | 1 | |a Huet, Gwénaelle |e Verfasser |4 aut | |
700 | 1 | |a Peterson, George E. |e Verfasser |4 aut | |
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776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |z 978-0-8213-7525-9 |
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999 | |a oai:aleph.bib-bvb.de:BVB01-016725370 |
Datensatz im Suchindex
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---|---|
adam_text | Contents
Foreword
ix
AcknouAedgments
xi
About the Authors
xiii
Abbreviations and Acronyms
xv
Executive Summary
xix
Chapter
1
Introduction and Objective
1
The Role of Demographics
2
The Role of Decentralization
5
The Role of Financial Liberalization
6
Objective of this Review of Experience
7
Chapter
2
Trends and Structure of Urban Infrastructure
Funds (UIFs)
9
Composition of UIFs by Sector Board over Time
10
Long-Term
Trends in the Volume of UIF Lending
11
Chapter
3
Performance of UIFs
17
Chapter
4
UIF Design: Options for Intermediation Strategy
21
vi
Contents
Chapter
5
Learning from Experience in Project Design
Transplanting the Line of Credit Model
in Sub-Saharan Africa
South Asia: Adapting the Credit Model
Rethinking Support for Local Infrastructure
Investment: Municipal Grants and Social Funds
Supporting Municipal Infrastructure Investment
in Centralized Systems
Commercial Banks and the Development
of Sustainable Municipal Credit Systems
Chapter
6
Agenda for Future Work
Chapter
7
Appendix
1
Appendix
2
Appendix
3
References
Index
Conclusions
Methodology for Selecting and
Identifying Urban Infrastructure
Funds Financed by the World Bank
List of UIFs Reviewed
List of Currencies Available for Swaps
from IBRD Loans as of January
3, 2008
31
31
36
37
43
46
51
63
69
75
83
85
89
Boxes
4.1
A Model of Market-Oriented Reform:
Crédit
Local
de
France
6.1
Monitoring Municipal Financial Market
Development: The Czech Republic
24
58
Figures
1.1.
Urban versus Rural Population Growth Worldwide
through
2030 3
1.2.
World Urban Population Growth through
2030:
Low- and Middle-Income versus High-Income Countries
3
Contents
vii
1.3. Distribution
of World Urban
Population
Growth
through
2015
by City Size
4
1.4.
Selected Mega Cities Growth Rates through
2010 5
2.1.
UIF Commitments by Region and Sector Board
10
2.2.
UIF Commitments by Country
10
2.3.
Annual UIF Commitments by Sector Board
11
2.4.
Trends in Total Urban Infrastructure Fund Lending
—
Annual Averages
11
2.5.
Trends in Annual Average Urban Infrastructure Fund
Lending by Infrastructure and Non-infrastructure
Sector Boards
12
2.6.
Trends in Annual Average Project Size
13
2.7.
UIF Lending Projects
14
2.8.
UIF Grant Projects
14
3.1.
Outcome Ratings for UIFs
18
3.2.
Selected Outcome Ratings for UIFs by Sector Board
18
3.3.
Disbursements as a Percentage of Commitments for UIFs
19
3.4.
Loan Recoveries in UIFs: Reporting and Repayment
Rates by Institutional Arrangement
20
4.1.
Loan Financing versus Grant Financing
of Subprojects by Sector Board
27
4.2.
Development Objective: Development
of Municipal Credit Market by Sector Board
28
4.3.
Development Objective: Development of Municipal
Credit Market over Time
28
Al
. 1.
World Bank Project Approvals: FY1
97
1-FY2006
70
Tables
1.1.
UIFs by Region
7
4.1.
Financial Intermediation versus Poverty-Oriented Grants
27
5.1.
Municipal On-Lending Projects in Sub-Saharan Africa
33
5.2.
Municipal Grants and Infrastructure Programs
40
ALL UIF Projects by Region
72
The world s urban population doubled between
1970
and
2008,
growing from
1.5
billion
to
3
billion people. Future world population growth will be concentrated in developing
countries
—
the majority in medium-size and smaller cities and towns. International institu¬
tions and governments alike face the challenge of efficiently financing the massive invest¬
ment in infrastructure required to support this urban growth.
The Urban Infrastructure Fund (UIF) is a tool designed to help meet this need.
Responsibility for subproject oversight, credit assessment, financial management reform,
and other critical tasks is delegated to the UIF, rather than performed directly by an institu¬
tion like the World Bank. Lessons for the Urban Century: Decentralized Infrastructure Finance
in the World Bank examines the track record of UIFs and what can be learned from almost
30
years of experience in implementation.
The authors find that, on balance, UIFs have performed well. Paradoxically, their use has
declined as demand for decentralized financing has escalated. The book considers the
reasons for this decline and recommends its reversal. One of the virtues of UIFs has been
their flexibility.They can be adapted to incorporate alternative types of performance incen¬
tives; they can finance subprojects through grants, credits, or a blend of the two to adapt to
each country s intergovernmental finance system and financial markets. The authors exam¬
ine a variety of UIF designs and their performance in different contexts.
This book will be of interest to governments, international organizations, financial business¬
es, urban development strategists, academic researchers, and others focused on financing
critical infrastructure projects for secondary cities and towns.
|
adam_txt |
Contents
Foreword
ix
AcknouAedgments
xi
About the Authors
xiii
Abbreviations and Acronyms
xv
Executive Summary
xix
Chapter
1
Introduction and Objective
1
The Role of Demographics
2
The Role of Decentralization
5
The Role of Financial Liberalization
6
Objective of this Review of Experience
7
Chapter
2
Trends and Structure of Urban Infrastructure
Funds (UIFs)
9
Composition of UIFs by Sector Board over Time
10
Long-Term
Trends in the Volume of UIF Lending
11
Chapter
3
Performance of UIFs
17
Chapter
4
UIF Design: Options for Intermediation Strategy
21
vi
Contents
Chapter
5
Learning from Experience in Project Design
Transplanting the Line of Credit Model
in Sub-Saharan Africa
South Asia: Adapting the Credit Model
Rethinking Support for Local Infrastructure
Investment: Municipal Grants and Social Funds
Supporting Municipal Infrastructure Investment
in Centralized Systems
Commercial Banks and the Development
of Sustainable Municipal Credit Systems
Chapter
6
Agenda for Future Work
Chapter
7
Appendix
1
Appendix
2
Appendix
3
References
Index
Conclusions
Methodology for Selecting and
Identifying Urban Infrastructure
Funds Financed by the World Bank
List of UIFs Reviewed
List of Currencies Available for Swaps
from IBRD Loans as of January
3, 2008
31
31
36
37
43
46
51
63
69
75
83
85
89
Boxes
4.1
A Model of Market-Oriented Reform:
Crédit
Local
de
France
6.1
Monitoring Municipal Financial Market
Development: The Czech Republic
24
58
Figures
1.1.
Urban versus Rural Population Growth Worldwide
through
2030 3
1.2.
World Urban Population Growth through
2030:
Low- and Middle-Income versus High-Income Countries
3
Contents
vii
1.3. Distribution
of World Urban
Population
Growth
through
2015
by City Size
4
1.4.
Selected Mega Cities' Growth Rates through
2010 5
2.1.
UIF Commitments by Region and Sector Board
10
2.2.
UIF Commitments by Country
10
2.3.
Annual UIF Commitments by Sector Board
11
2.4.
Trends in Total Urban Infrastructure Fund Lending
—
Annual Averages
11
2.5.
Trends in Annual Average Urban Infrastructure Fund
Lending by Infrastructure and Non-infrastructure
Sector Boards
12
2.6.
Trends in Annual Average Project Size
13
2.7.
UIF Lending Projects
14
2.8.
UIF Grant Projects
14
3.1.
Outcome Ratings for UIFs
18
3.2.
Selected Outcome Ratings for UIFs by Sector Board
18
3.3.
Disbursements as a Percentage of Commitments for UIFs
19
3.4.
Loan Recoveries in UIFs: Reporting and Repayment
Rates by Institutional Arrangement
20
4.1.
Loan Financing versus Grant Financing
of Subprojects by Sector Board
27
4.2.
Development Objective: Development
of Municipal Credit Market by Sector Board
28
4.3.
Development Objective: Development of Municipal
Credit Market over Time
28
Al
. 1.
World Bank Project Approvals: FY1
97
1-FY2006
70
Tables
1.1.
UIFs by Region
7
4.1.
Financial Intermediation versus Poverty-Oriented Grants
27
5.1.
Municipal On-Lending Projects in Sub-Saharan Africa
33
5.2.
Municipal Grants and Infrastructure Programs
40
ALL UIF Projects by Region
72
The world's urban population doubled between
1970
and
2008,
growing from
1.5
billion
to
3
billion people. Future world population growth will be concentrated in developing
countries
—
the majority in medium-size and smaller cities and towns. International institu¬
tions and governments alike face the challenge of efficiently financing the massive invest¬
ment in infrastructure required to support this urban growth.
The Urban Infrastructure Fund (UIF) is a tool designed to help meet this need.
Responsibility for subproject oversight, credit assessment, financial management reform,
and other critical tasks is delegated to the UIF, rather than performed directly by an institu¬
tion like the World Bank. Lessons for the Urban Century: Decentralized Infrastructure Finance
in the World Bank examines the track record of UIFs and what can be learned from almost
30
years of experience in implementation.
The authors find that, on balance, UIFs have performed well. Paradoxically, their use has
declined as demand for decentralized financing has escalated. The book considers the
reasons for this decline and recommends its reversal. One of the virtues of UIFs has been
their flexibility.They can be adapted to incorporate alternative types of performance incen¬
tives; they can finance subprojects through grants, credits, or a blend of the two to adapt to
each country's intergovernmental finance system and financial markets. The authors exam¬
ine a variety of UIF designs and their performance in different contexts.
This book will be of interest to governments, international organizations, financial business¬
es, urban development strategists, academic researchers, and others focused on financing
critical infrastructure projects for secondary cities and towns. |
any_adam_object | 1 |
any_adam_object_boolean | 1 |
author | Annez, Patricia Clarke Huet, Gwénaelle Peterson, George E. |
author_facet | Annez, Patricia Clarke Huet, Gwénaelle Peterson, George E. |
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dewey-search | 332.1/532 |
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discipline_str_mv | Wirtschaftswissenschaften |
format | Book |
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id | DE-604.BV035056793 |
illustrated | Illustrated |
index_date | 2024-07-02T21:58:52Z |
indexdate | 2024-07-09T21:21:13Z |
institution | BVB |
isbn | 0821375245 9780821375242 |
language | English |
lccn | 2008016697 |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016725370 |
oclc_num | 225852391 |
open_access_boolean | |
owner | DE-703 DE-12 DE-20 |
owner_facet | DE-703 DE-12 DE-20 |
physical | XXVI, 92 S. Ill., Kt. 23 cm |
publishDate | 2008 |
publishDateSearch | 2008 |
publishDateSort | 2008 |
publisher | World Bank |
record_format | marc |
series2 | Directions in development : infrastructure |
spelling | Annez, Patricia Clarke Verfasser aut Lessons for the urban century decentralized infrastructure finance in the World Bank Patricia Clarke Annez ; Gwénaelle Huet ; George E. Peterson Washington, DC World Bank 2008 XXVI, 92 S. Ill., Kt. 23 cm txt rdacontent n rdamedia nc rdacarrier Directions in development : infrastructure Banque mondiale World Bank Weltbank (DE-588)121364-7 gnd rswk-swf Finances municipales - Pays en voie de développement Finanças públicas larpcal Infrastructure (Économie politique) - Pays en voie de développement - Finances Países em desenvolvimento larpcal Entwicklungsländer Municipal finance Developing countries Infrastructure (Economics) Developing countries Finance Infrastruktur (DE-588)4026944-9 gnd rswk-swf Finanzlage (DE-588)4238188-5 gnd rswk-swf Weltbank (DE-588)121364-7 b Infrastruktur (DE-588)4026944-9 s Finanzlage (DE-588)4238188-5 s DE-604 Huet, Gwénaelle Verfasser aut Peterson, George E. Verfasser aut Erscheint auch als Online-Ausgabe 0-8213-7525-3 Erscheint auch als Online-Ausgabe 978-0-8213-7525-9 Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016725370&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016725370&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext |
spellingShingle | Annez, Patricia Clarke Huet, Gwénaelle Peterson, George E. Lessons for the urban century decentralized infrastructure finance in the World Bank Banque mondiale World Bank Weltbank (DE-588)121364-7 gnd Finances municipales - Pays en voie de développement Finanças públicas larpcal Infrastructure (Économie politique) - Pays en voie de développement - Finances Países em desenvolvimento larpcal Entwicklungsländer Municipal finance Developing countries Infrastructure (Economics) Developing countries Finance Infrastruktur (DE-588)4026944-9 gnd Finanzlage (DE-588)4238188-5 gnd |
subject_GND | (DE-588)121364-7 (DE-588)4026944-9 (DE-588)4238188-5 |
title | Lessons for the urban century decentralized infrastructure finance in the World Bank |
title_auth | Lessons for the urban century decentralized infrastructure finance in the World Bank |
title_exact_search | Lessons for the urban century decentralized infrastructure finance in the World Bank |
title_exact_search_txtP | Lessons for the urban century decentralized infrastructure finance in the World Bank |
title_full | Lessons for the urban century decentralized infrastructure finance in the World Bank Patricia Clarke Annez ; Gwénaelle Huet ; George E. Peterson |
title_fullStr | Lessons for the urban century decentralized infrastructure finance in the World Bank Patricia Clarke Annez ; Gwénaelle Huet ; George E. Peterson |
title_full_unstemmed | Lessons for the urban century decentralized infrastructure finance in the World Bank Patricia Clarke Annez ; Gwénaelle Huet ; George E. Peterson |
title_short | Lessons for the urban century |
title_sort | lessons for the urban century decentralized infrastructure finance in the world bank |
title_sub | decentralized infrastructure finance in the World Bank |
topic | Banque mondiale World Bank Weltbank (DE-588)121364-7 gnd Finances municipales - Pays en voie de développement Finanças públicas larpcal Infrastructure (Économie politique) - Pays en voie de développement - Finances Países em desenvolvimento larpcal Entwicklungsländer Municipal finance Developing countries Infrastructure (Economics) Developing countries Finance Infrastruktur (DE-588)4026944-9 gnd Finanzlage (DE-588)4238188-5 gnd |
topic_facet | Banque mondiale World Bank Weltbank Finances municipales - Pays en voie de développement Finanças públicas Infrastructure (Économie politique) - Pays en voie de développement - Finances Países em desenvolvimento Entwicklungsländer Municipal finance Developing countries Infrastructure (Economics) Developing countries Finance Infrastruktur Finanzlage |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016725370&sequence=000003&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016725370&sequence=000004&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
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