The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans
This report reviews the need for long-term loans for regional governments, assesses the capacity of regional governments to repay long-term loans, identifies existing constraints to long-term borrowing by the regions, and recommends options for rem...
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| Format: | Other Public Sector Study |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2011/06/16275159/need-capacity-willingness-regional-governments-finance-public-infrastructure-long-term-loans-building-capacity-development-sub-national-government-capital-market-municipal-bonds http://hdl.handle.net/10986/12466 |
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okr-10986-124662021-04-23T14:03:01Z The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans World Bank ARREARS ASSET SALES BASIC EDUCATION BORROWING CAPACITIES BORROWING CAPACITY BUDGETING CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS COST ESTIMATES COUNTERPART FUNDS DEBT REPAYMENT DEBT SERVICE DEBT SERVICE PAYMENT DEBT SERVICE PAYMENTS DEBT SERVICES DECENTRALIZATION DEVELOPMENT BANK DISBURSEMENT DOMESTIC MARKET ECONOMIC GROWTH ELECTRICITY EMPOWERMENT EQUIPMENT EVENT OF DEFAULT EXCHANGE RATE EXPENDITURES FINANCING REQUIREMENT FISCAL CAPACITY FIXED ASSETS FIXED INTEREST FIXED INTEREST RATES FIXED RATES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN LENDER FOREIGN LENDERS FOREIGN LOAN FOREIGN LOANS GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT DEBT GOVERNMENT INVESTMENT GOVERNMENT INVESTMENTS GOVERNMENT REGULATION GOVERNMENT REVENUE GRACE PERIOD GROSS DOMESTIC PRODUCT INFLATION INFLATION RATE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENTS INSTALLMENT INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT COST INVESTMENT PROJECTS INVESTMENT REQUIREMENTS LACK OF ACCESS LATE PAYMENT LENDING LIMITS LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN AMOUNT LOAN APPLICATIONS LOAN CONDITION LOAN CONDITIONS LOAN FUNDS LOAN REPAYMENT LOAN REPAYMENTS LOAN TERM LONG-TERM BORROWING LONG-TERM DEBT LONG-TERM INVESTMENTS LONG-TERM LENDING LONG-TERM LOAN LONG-TERM LOANS MARKET FAILURE MATURITIES MDF MUNICIPAL BONDS OUTSTANDING DEBT OUTSTANDING LOANS PENALTY PRINCIPAL REPAYMENT PRINCIPAL REPAYMENTS PRIVATE INVESTORS PRIVATE SECTOR PROCUREMENT PROVINCIAL GOVERNMENTS PROVISIONS PUBLIC PUBLIC ADMINISTRATION PUBLIC FINANCES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC WORKS REAL ECONOMIC GROWTH REGIONAL PLANNING REPAYMENT REPAYMENT CAPACITIES REPAYMENT CAPACITY REPAYMENT OF DEBT REPAYMENT PERIOD REPAYMENT SCHEDULE REPAYMENTS RETURNS ROADS SALARIES SALARY SOLID WASTE COLLECTION SUB-LOANS SUB-NATIONAL BORROWING TAX TAX REVENUE TELECOMMUNICATIONS TOTAL BORROWING TOTAL DEBT TRANSFER INTERCEPT TRANSPARENCY TREASURY URBAN INFRASTRUCTURE URBANIZATION VARIABLE INTEREST RATES WATER SUPPLY This report reviews the need for long-term loans for regional governments, assesses the capacity of regional governments to repay long-term loans, identifies existing constraints to long-term borrowing by the regions, and recommends options for removing or mitigating existing constraints. The Government of Indonesia issued a government regulation on regional borrowing and unlike its legal predecessor, the newer regulation allows regional governments to borrow long term for public infrastructure projects that are indirectly revenue-generating, such as roads and flood control systems. Until the late 1990s, a major portion of long-term loans to regional governments was financed by international financial institutions, mainly the Asian Development Bank and the World Bank. In view of the need to increase investments in public infrastructure, and the absence of a domestic market for long-term financing, Government of Indonesia is currently considering re-opening this window by establishing a Municipal Development Fund in the Ministry of Finance. 2013-02-22T20:20:25Z 2013-02-22T20:20:25Z 2011-06 http://documents.worldbank.org/curated/en/2011/06/16275159/need-capacity-willingness-regional-governments-finance-public-infrastructure-long-term-loans-building-capacity-development-sub-national-government-capital-market-municipal-bonds http://hdl.handle.net/10986/12466 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Public Sector Study Economic & Sector Work East Asia and Pacific Indonesia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ARREARS ASSET SALES BASIC EDUCATION BORROWING CAPACITIES BORROWING CAPACITY BUDGETING CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS COST ESTIMATES COUNTERPART FUNDS DEBT REPAYMENT DEBT SERVICE DEBT SERVICE PAYMENT DEBT SERVICE PAYMENTS DEBT SERVICES DECENTRALIZATION DEVELOPMENT BANK DISBURSEMENT DOMESTIC MARKET ECONOMIC GROWTH ELECTRICITY EMPOWERMENT EQUIPMENT EVENT OF DEFAULT EXCHANGE RATE EXPENDITURES FINANCING REQUIREMENT FISCAL CAPACITY FIXED ASSETS FIXED INTEREST FIXED INTEREST RATES FIXED RATES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN LENDER FOREIGN LENDERS FOREIGN LOAN FOREIGN LOANS GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT DEBT GOVERNMENT INVESTMENT GOVERNMENT INVESTMENTS GOVERNMENT REGULATION GOVERNMENT REVENUE GRACE PERIOD GROSS DOMESTIC PRODUCT INFLATION INFLATION RATE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENTS INSTALLMENT INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT COST INVESTMENT PROJECTS INVESTMENT REQUIREMENTS LACK OF ACCESS LATE PAYMENT LENDING LIMITS LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN AMOUNT LOAN APPLICATIONS LOAN CONDITION LOAN CONDITIONS LOAN FUNDS LOAN REPAYMENT LOAN REPAYMENTS LOAN TERM LONG-TERM BORROWING LONG-TERM DEBT LONG-TERM INVESTMENTS LONG-TERM LENDING LONG-TERM LOAN LONG-TERM LOANS MARKET FAILURE MATURITIES MDF MUNICIPAL BONDS OUTSTANDING DEBT OUTSTANDING LOANS PENALTY PRINCIPAL REPAYMENT PRINCIPAL REPAYMENTS PRIVATE INVESTORS PRIVATE SECTOR PROCUREMENT PROVINCIAL GOVERNMENTS PROVISIONS PUBLIC PUBLIC ADMINISTRATION PUBLIC FINANCES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC WORKS REAL ECONOMIC GROWTH REGIONAL PLANNING REPAYMENT REPAYMENT CAPACITIES REPAYMENT CAPACITY REPAYMENT OF DEBT REPAYMENT PERIOD REPAYMENT SCHEDULE REPAYMENTS RETURNS ROADS SALARIES SALARY SOLID WASTE COLLECTION SUB-LOANS SUB-NATIONAL BORROWING TAX TAX REVENUE TELECOMMUNICATIONS TOTAL BORROWING TOTAL DEBT TRANSFER INTERCEPT TRANSPARENCY TREASURY URBAN INFRASTRUCTURE URBANIZATION VARIABLE INTEREST RATES WATER SUPPLY |
| spellingShingle |
ARREARS ASSET SALES BASIC EDUCATION BORROWING CAPACITIES BORROWING CAPACITY BUDGETING CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS COST ESTIMATES COUNTERPART FUNDS DEBT REPAYMENT DEBT SERVICE DEBT SERVICE PAYMENT DEBT SERVICE PAYMENTS DEBT SERVICES DECENTRALIZATION DEVELOPMENT BANK DISBURSEMENT DOMESTIC MARKET ECONOMIC GROWTH ELECTRICITY EMPOWERMENT EQUIPMENT EVENT OF DEFAULT EXCHANGE RATE EXPENDITURES FINANCING REQUIREMENT FISCAL CAPACITY FIXED ASSETS FIXED INTEREST FIXED INTEREST RATES FIXED RATES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN LENDER FOREIGN LENDERS FOREIGN LOAN FOREIGN LOANS GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT DEBT GOVERNMENT INVESTMENT GOVERNMENT INVESTMENTS GOVERNMENT REGULATION GOVERNMENT REVENUE GRACE PERIOD GROSS DOMESTIC PRODUCT INFLATION INFLATION RATE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENTS INSTALLMENT INTEREST PAYMENT INTEREST PAYMENTS INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT COST INVESTMENT PROJECTS INVESTMENT REQUIREMENTS LACK OF ACCESS LATE PAYMENT LENDING LIMITS LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN AMOUNT LOAN APPLICATIONS LOAN CONDITION LOAN CONDITIONS LOAN FUNDS LOAN REPAYMENT LOAN REPAYMENTS LOAN TERM LONG-TERM BORROWING LONG-TERM DEBT LONG-TERM INVESTMENTS LONG-TERM LENDING LONG-TERM LOAN LONG-TERM LOANS MARKET FAILURE MATURITIES MDF MUNICIPAL BONDS OUTSTANDING DEBT OUTSTANDING LOANS PENALTY PRINCIPAL REPAYMENT PRINCIPAL REPAYMENTS PRIVATE INVESTORS PRIVATE SECTOR PROCUREMENT PROVINCIAL GOVERNMENTS PROVISIONS PUBLIC PUBLIC ADMINISTRATION PUBLIC FINANCES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC WORKS REAL ECONOMIC GROWTH REGIONAL PLANNING REPAYMENT REPAYMENT CAPACITIES REPAYMENT CAPACITY REPAYMENT OF DEBT REPAYMENT PERIOD REPAYMENT SCHEDULE REPAYMENTS RETURNS ROADS SALARIES SALARY SOLID WASTE COLLECTION SUB-LOANS SUB-NATIONAL BORROWING TAX TAX REVENUE TELECOMMUNICATIONS TOTAL BORROWING TOTAL DEBT TRANSFER INTERCEPT TRANSPARENCY TREASURY URBAN INFRASTRUCTURE URBANIZATION VARIABLE INTEREST RATES WATER SUPPLY World Bank The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans |
| geographic_facet |
East Asia and Pacific Indonesia |
| description |
This report reviews the need for
long-term loans for regional governments, assesses the
capacity of regional governments to repay long-term loans,
identifies existing constraints to long-term borrowing by
the regions, and recommends options for removing or
mitigating existing constraints. The Government of Indonesia
issued a government regulation on regional borrowing and
unlike its legal predecessor, the newer regulation allows
regional governments to borrow long term for public
infrastructure projects that are indirectly
revenue-generating, such as roads and flood control systems.
Until the late 1990s, a major portion of long-term loans to
regional governments was financed by international financial
institutions, mainly the Asian Development Bank and the
World Bank. In view of the need to increase investments in
public infrastructure, and the absence of a domestic market
for long-term financing, Government of Indonesia is
currently considering re-opening this window by establishing
a Municipal Development Fund in the Ministry of Finance. |
| format |
Economic & Sector Work :: Other Public Sector Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans |
| title_short |
The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans |
| title_full |
The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans |
| title_fullStr |
The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans |
| title_full_unstemmed |
The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans |
| title_sort |
need, capacity and willingness of regional governments to finance public infrastructure from long-term loans |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2011/06/16275159/need-capacity-willingness-regional-governments-finance-public-infrastructure-long-term-loans-building-capacity-development-sub-national-government-capital-market-municipal-bonds http://hdl.handle.net/10986/12466 |
| _version_ |
1764419918664564736 |