World Bank Guarantees for Oil and Gas Projects
Private investors are considering several large-scale oil and gas production, pipeline, and cross-border pipeline projects in developing countries, including in West Africa and in the Caspian Sea region. While the World Bank and the International M...
| Main Author: | |
|---|---|
| Format: | Viewpoint |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/1998/11/441578/world-bank-guarantees-oil-gas-projects http://hdl.handle.net/10986/11528 |
| Summary: | Private investors are considering
several large-scale oil and gas production, pipeline, and
cross-border pipeline projects in developing countries,
including in West Africa and in the Caspian Sea region.
While the World Bank and the International Monetary Fund are
well known for their work in helping to create enabling
environments for foreign investment in large infrastructure
projects, by supporting reform in such areas as taxation and
energy legislation, this Note focuses on a different role
for the World Bank -- encouraging private sector involvement
in large-scale oil and gas projects by providing guarantees
in direct support of the government contractual undertakings
that may be needed to induce foreign direct investment in
these projects. World Bank guarantees offer a unique type of
risk mitigation that may prove to be a catalyst in raising
finance for these projects. |
|---|