Why Infrastructure Financing Facilities Often Fall Short of Their Objectives
Why Infrastructure Financing Facilities Often Fall Short of Their Objectives:

June 2000 - To encourage the private funding and provision of infrastructure services, governments have used specialized financing facilities to offer financial support to investors. A study of five cases shows that these facilities have often fallen short of their objectives, for two main sets of r...

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Bibliographische Detailangaben
1. Verfasser: Klingebiel, Daniela (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 1999
Schlagworte:
Banks and Banking Reform
Capital Flows
Debt Markets
Emerging Markets
Finance and Financial Sector Development
Financial Literacy
Government Support
Guarantees
Infrastructure Development
Infrastructure Financing
Instruments
Investor
Investors
Loans
Political Risks
Portfolio
Portfolio Diversification
Private Capital
Private Investment
Private Sector Development
Soft Loans
Stock
Transaction
Transaction Costs
Transparency
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Zusammenfassung:June 2000 - To encourage the private funding and provision of infrastructure services, governments have used specialized financing facilities to offer financial support to investors. A study of five cases shows that these facilities have often fallen short of their objectives, for two main sets of reasons. First, the environment was not conducive to private participation in infrastructure. And second, the facility was faulty in design. To encourage the private funding and provision of infrastructure services, governments have used specialized financing facilities to offer financial support to investors, often in the form of grants, soft loans, or guarantees. Klingebiel and Ruster present case studies of infrastructure financing facilities in various stages of development in Colombia, India, and Pakistan. They also present case studies of government-sponsored financing facilities (not of infrastructure) in Argentina and Moldova. They find that these facilities have often fallen short of their objectives for two main sets of reasons. First, the environment was not conducive to private participation in infrastructure because of poor sector policies, an unstable macroeconomic environment, and inadequate financial sector policies, among other reasons. Second, the facility was faulty in design - in terms of sectors targeted, pricing of instruments, and consistency of objectives and instruments. This paper - a product of Private Participation in Infrastructure, Private Sector Development Department - is part of a larger effort in the department to examine government policies in infrastructure. Daniela Klingebiel may be contacted at dklingebiel@worldbank.org
Beschreibung:Weitere Ausgabe: Klingebiel, Daniela: Why Infrastructure Financing Facilities Often Fall Short of Their Objectives
Beschreibung:1 Online-Ressource (1 online resource (46 p.))
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