Why Infrastructure Financing Facilities Often Fall Short of Their Objectives

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. The authors present case studies of infrastructure financing facilities i...

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Bibliographic Details
Main Authors:	Klingebiel, Daniela, Ruster, Jeff
Format:	Publications & Research
Language:	en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ADB airports bonds capital flows capital market capital markets cash flow collateral commercial banks conflict of interests cost of capital credit rating decision making decision making process demonstration effects electricity emerging market economies emerging markets financial closure financial crises financial institution financial institutions financial markets financial sector financial support fiscal government budgets government guarantees government intervention government policies government resources housing insolvency institutional arrangements institutional capacity institutional framework institutional investors insurance interest rates investment banks legal framework legal structure liquidity long-term capital macroeconomic conditions mutual funds natural monopolies political risk political risks private ownership private sector private sector involvement privatization project finance property rights provision of infrastructure public agencies public finances public funds public sector public support rating agencies regulatory framework regulatory regimes risk profile roads securities state-owned enterprises subordinated debt tax tax incentives telecommunications term bonds transaction costs transparency utilities infrastructure financing financial instruments case studies developmental stages private sector participation policy framework macroeconomic context financial policy pricing schemes design criteria
Online Access:	http://hdl.handle.net/10986/21479

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http://hdl.handle.net/10986/21479

Why Infrastructure Financing Facilities Often Fall Short of Their Objectives

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