The World Bank Group Guarantee Instruments 1990-2007 : An Independent Evaluation
This evaluation reviews the World Bank Group's (WBG's) experience with guarantee instruments during 1990-2007. Although these instruments have been an established product line of the WBG for two decades, they have not been rigorously eval...
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| Format: | Publication |
| Language: | English |
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Washington, DC
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090511052811 http://hdl.handle.net/10986/2627 |
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okr-10986-2627 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCESS TO INFORMATION ACCOUNTABILITY ADB ADVICE TO GOVERNMENTS ADVISORY SERVICES ARBITRAL AWARDS BALANCE SHEET BANK GUARANTEE BANK GUARANTEES BANK LENDING BANK LOAN BANK MANAGEMENT BANK POLICIES BANK POLICY BENEFICIARIES BENEFICIARY BID BOND BOND ISSUES BOND MARKET BONDS BORROWER BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS OPPORTUNITIES BUSINESS VOLUMES CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL REQUIREMENTS CASH FLOWS COLLATERAL COMMERCIAL FINANCE COMMERCIAL PAPER COMMERCIAL TRANSACTION COMMERCIAL TRANSACTIONS COMMODITY PRICES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONTRACTUAL OBLIGATIONS CONTRACTUAL RELATIONSHIP COUNTRY RISK COUPON COUPON RATE CREDIBILITY CREDIT DERIVATIVE CREDIT ENHANCEMENT CREDIT GUARANTEE CREDIT GUARANTEES CREDIT RISK CREDIT RISKS CREDITOR CREDITS CURRENT ACCOUNT CURRENT ACCOUNT SURPLUSES DEBT DEBT CRISES DEBT INSTRUMENTS DEBT MANAGEMENT DEBT OBLIGATIONS DEBT SERVICE DEBT SERVICE PAYMENT DEBTORS DERIVATIVE DERIVATIVE CONTRACT DERIVATIVES DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT LOANS DOMESTIC BANKS DOMESTIC FINANCIAL MARKETS DOMESTIC LIQUIDITY DUE DILIGENCE EARNINGS ECONOMIC GROWTH ECONOMIC POLICIES EMERGING MARKETS ENTERPRISE ACCESS ENTREPRENEUR ENTREPRENEURS EQUITY CAPITAL EQUITY INVESTMENTS EXCHANGE RATES EXPLOITATION EXPORTER EXPROPRIATIONS EXTERNAL FUNDING FINANCIAL ASSETS FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCING NEEDS FLOW OF INVESTMENT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS GENERAL GUARANTEES GLOBAL PRIVATE SECTOR GLOBAL TRADE GROSS DOMESTIC PRODUCT GROUP GUARANTEE GUARANTEE AGENCY GUARANTEE PRODUCT GUARANTEE PRODUCTS GUARANTEE SCHEMES GUARANTOR HOST COUNTRIES HOUSING HOUSING FINANCE INDEBTED COUNTRIES INDEBTEDNESS INFORMATION ASYMMETRIES INFORMATION SHARING INSTRUMENT INSURANCE INSURANCE AGENCY INSURANCE PRODUCTS INTEREST PAYMENTS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARDS INVESTMENT CORPORATION INVESTMENT FLOWS INVESTMENT GUIDELINES INVESTOR CONFIDENCE ISSUANCE LENDER LENDERS LETTERS OF CREDIT LIABILITY LIABILITY SIDE LIQUID MARKETS LIQUIDITY LOAN LOAN PORTFOLIO LOAN PRODUCTS LOAN PROGRAM LOAN SYNDICATIONS LOCAL BANKS LOCAL CURRENCY LONG-TERM CAPITAL MANDATES MARKET COMPETITION MARKET DATA MARKET DEVELOPMENTS MARKET FAILURES MARKET INDEXES MARKET PLAYERS MARKET SHARE MARKETING STRATEGY MATURITIES MATURITY MATURITY MISMATCHES MORAL HAZARD MULTINATIONAL NEW MARKET OUTREACH OUTREACH EFFORTS PARTIAL CREDIT PARTIAL GUARANTEE PARTIAL RISK PAYMENT OF INTEREST PERFORMANCE BOND PLEDGES POLITICAL RISK POLITICAL RISKS POLITICAL UNCERTAINTY POOR ACCESS PORTFOLIO RISK PORTFOLIOS PRIVATE BORROWERS PRIVATE CAPITAL PRIVATE DEBT PRIVATE DEBT MARKETS PRIVATE FINANCE PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE SECTOR FINANCING PROBABILITY OF DEFAULT PUBLIC AGENCIES PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RETURN RISK MANAGEMENT RISK MITIGATION RISK PERCEPTIONS RISK PROFILE SECURITIES SETTLEMENT SHAREHOLDERS SHORT-TERM FINANCE SOVEREIGN COUNTER-GUARANTEE SOVEREIGN GUARANTEES SUBNATIONAL FINANCE SUBSIDIARY SWAP TIMELY PAYMENT TRADE FINANCE TRANCHE TRANSACTION TRANSACTION COSTS TRANSFER RISK TRANSPARENCY TREASURY UNDERLYING ASSETS UNION URBAN DEVELOPMENT VILLAGE WOMAN |
| spellingShingle |
ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCESS TO INFORMATION ACCOUNTABILITY ADB ADVICE TO GOVERNMENTS ADVISORY SERVICES ARBITRAL AWARDS BALANCE SHEET BANK GUARANTEE BANK GUARANTEES BANK LENDING BANK LOAN BANK MANAGEMENT BANK POLICIES BANK POLICY BENEFICIARIES BENEFICIARY BID BOND BOND ISSUES BOND MARKET BONDS BORROWER BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS OPPORTUNITIES BUSINESS VOLUMES CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL REQUIREMENTS CASH FLOWS COLLATERAL COMMERCIAL FINANCE COMMERCIAL PAPER COMMERCIAL TRANSACTION COMMERCIAL TRANSACTIONS COMMODITY PRICES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONTRACTUAL OBLIGATIONS CONTRACTUAL RELATIONSHIP COUNTRY RISK COUPON COUPON RATE CREDIBILITY CREDIT DERIVATIVE CREDIT ENHANCEMENT CREDIT GUARANTEE CREDIT GUARANTEES CREDIT RISK CREDIT RISKS CREDITOR CREDITS CURRENT ACCOUNT CURRENT ACCOUNT SURPLUSES DEBT DEBT CRISES DEBT INSTRUMENTS DEBT MANAGEMENT DEBT OBLIGATIONS DEBT SERVICE DEBT SERVICE PAYMENT DEBTORS DERIVATIVE DERIVATIVE CONTRACT DERIVATIVES DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT LOANS DOMESTIC BANKS DOMESTIC FINANCIAL MARKETS DOMESTIC LIQUIDITY DUE DILIGENCE EARNINGS ECONOMIC GROWTH ECONOMIC POLICIES EMERGING MARKETS ENTERPRISE ACCESS ENTREPRENEUR ENTREPRENEURS EQUITY CAPITAL EQUITY INVESTMENTS EXCHANGE RATES EXPLOITATION EXPORTER EXPROPRIATIONS EXTERNAL FUNDING FINANCIAL ASSETS FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCING NEEDS FLOW OF INVESTMENT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS GENERAL GUARANTEES GLOBAL PRIVATE SECTOR GLOBAL TRADE GROSS DOMESTIC PRODUCT GROUP GUARANTEE GUARANTEE AGENCY GUARANTEE PRODUCT GUARANTEE PRODUCTS GUARANTEE SCHEMES GUARANTOR HOST COUNTRIES HOUSING HOUSING FINANCE INDEBTED COUNTRIES INDEBTEDNESS INFORMATION ASYMMETRIES INFORMATION SHARING INSTRUMENT INSURANCE INSURANCE AGENCY INSURANCE PRODUCTS INTEREST PAYMENTS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARDS INVESTMENT CORPORATION INVESTMENT FLOWS INVESTMENT GUIDELINES INVESTOR CONFIDENCE ISSUANCE LENDER LENDERS LETTERS OF CREDIT LIABILITY LIABILITY SIDE LIQUID MARKETS LIQUIDITY LOAN LOAN PORTFOLIO LOAN PRODUCTS LOAN PROGRAM LOAN SYNDICATIONS LOCAL BANKS LOCAL CURRENCY LONG-TERM CAPITAL MANDATES MARKET COMPETITION MARKET DATA MARKET DEVELOPMENTS MARKET FAILURES MARKET INDEXES MARKET PLAYERS MARKET SHARE MARKETING STRATEGY MATURITIES MATURITY MATURITY MISMATCHES MORAL HAZARD MULTINATIONAL NEW MARKET OUTREACH OUTREACH EFFORTS PARTIAL CREDIT PARTIAL GUARANTEE PARTIAL RISK PAYMENT OF INTEREST PERFORMANCE BOND PLEDGES POLITICAL RISK POLITICAL RISKS POLITICAL UNCERTAINTY POOR ACCESS PORTFOLIO RISK PORTFOLIOS PRIVATE BORROWERS PRIVATE CAPITAL PRIVATE DEBT PRIVATE DEBT MARKETS PRIVATE FINANCE PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE SECTOR FINANCING PROBABILITY OF DEFAULT PUBLIC AGENCIES PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RETURN RISK MANAGEMENT RISK MITIGATION RISK PERCEPTIONS RISK PROFILE SECURITIES SETTLEMENT SHAREHOLDERS SHORT-TERM FINANCE SOVEREIGN COUNTER-GUARANTEE SOVEREIGN GUARANTEES SUBNATIONAL FINANCE SUBSIDIARY SWAP TIMELY PAYMENT TRADE FINANCE TRANCHE TRANSACTION TRANSACTION COSTS TRANSFER RISK TRANSPARENCY TREASURY UNDERLYING ASSETS UNION URBAN DEVELOPMENT VILLAGE WOMAN World Bank The World Bank Group Guarantee Instruments 1990-2007 : An Independent Evaluation |
| description |
This evaluation reviews the World Bank
Group's (WBG's) experience with guarantee
instruments during 1990-2007. Although these instruments
have been an established product line of the WBG for two
decades, they have not been rigorously evaluated across the
World Bank, International Finance Corporation (IFC), and
Multilateral Investment Guarantee Agency (MIGA). The study
asks three main questions: (1) should the WBG be in the
guarantee business? (2) Have guarantee instruments in the
three WBG institutions been used to their potential as
reflected in WBG expectations and perceived demand? And, (3)
is the WBG appropriately organized to deliver its range of
guarantee products in an effective and efficient manner? The
challenge for the WBG is to create an environment in which
guarantee and insurance products can be deployed alongside
other WBG instruments in a flexible and efficient manner to
meet client needs. The report concludes that maintaining the
status quo, particularly in the delivery of political risk
mitigation products, ought not to be an option. It suggests
that WBG senior management should decide whether to take a
set of collective and individually tailored actions within
the current institutional structure or to adopt a new
organizational structure for product delivery. |
| format |
Publications & Research :: Publication |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
The World Bank Group Guarantee
Instruments 1990-2007 : An Independent Evaluation |
| title_short |
The World Bank Group Guarantee
Instruments 1990-2007 : An Independent Evaluation |
| title_full |
The World Bank Group Guarantee
Instruments 1990-2007 : An Independent Evaluation |
| title_fullStr |
The World Bank Group Guarantee
Instruments 1990-2007 : An Independent Evaluation |
| title_full_unstemmed |
The World Bank Group Guarantee
Instruments 1990-2007 : An Independent Evaluation |
| title_sort |
world bank group guarantee
instruments 1990-2007 : an independent evaluation |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090511052811 http://hdl.handle.net/10986/2627 |
| _version_ |
1764385728123371520 |
| spelling |
okr-10986-26272021-04-23T14:02:03Z The World Bank Group Guarantee Instruments 1990-2007 : An Independent Evaluation World Bank ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCESS TO INFORMATION ACCOUNTABILITY ADB ADVICE TO GOVERNMENTS ADVISORY SERVICES ARBITRAL AWARDS BALANCE SHEET BANK GUARANTEE BANK GUARANTEES BANK LENDING BANK LOAN BANK MANAGEMENT BANK POLICIES BANK POLICY BENEFICIARIES BENEFICIARY BID BOND BOND ISSUES BOND MARKET BONDS BORROWER BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS OPPORTUNITIES BUSINESS VOLUMES CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL REQUIREMENTS CASH FLOWS COLLATERAL COMMERCIAL FINANCE COMMERCIAL PAPER COMMERCIAL TRANSACTION COMMERCIAL TRANSACTIONS COMMODITY PRICES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONTRACTUAL OBLIGATIONS CONTRACTUAL RELATIONSHIP COUNTRY RISK COUPON COUPON RATE CREDIBILITY CREDIT DERIVATIVE CREDIT ENHANCEMENT CREDIT GUARANTEE CREDIT GUARANTEES CREDIT RISK CREDIT RISKS CREDITOR CREDITS CURRENT ACCOUNT CURRENT ACCOUNT SURPLUSES DEBT DEBT CRISES DEBT INSTRUMENTS DEBT MANAGEMENT DEBT OBLIGATIONS DEBT SERVICE DEBT SERVICE PAYMENT DEBTORS DERIVATIVE DERIVATIVE CONTRACT DERIVATIVES DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT LOANS DOMESTIC BANKS DOMESTIC FINANCIAL MARKETS DOMESTIC LIQUIDITY DUE DILIGENCE EARNINGS ECONOMIC GROWTH ECONOMIC POLICIES EMERGING MARKETS ENTERPRISE ACCESS ENTREPRENEUR ENTREPRENEURS EQUITY CAPITAL EQUITY INVESTMENTS EXCHANGE RATES EXPLOITATION EXPORTER EXPROPRIATIONS EXTERNAL FUNDING FINANCIAL ASSETS FINANCIAL FLOWS FINANCIAL INNOVATION FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCING NEEDS FLOW OF INVESTMENT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS GENERAL GUARANTEES GLOBAL PRIVATE SECTOR GLOBAL TRADE GROSS DOMESTIC PRODUCT GROUP GUARANTEE GUARANTEE AGENCY GUARANTEE PRODUCT GUARANTEE PRODUCTS GUARANTEE SCHEMES GUARANTOR HOST COUNTRIES HOUSING HOUSING FINANCE INDEBTED COUNTRIES INDEBTEDNESS INFORMATION ASYMMETRIES INFORMATION SHARING INSTRUMENT INSURANCE INSURANCE AGENCY INSURANCE PRODUCTS INTEREST PAYMENTS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL STANDARDS INVESTMENT CORPORATION INVESTMENT FLOWS INVESTMENT GUIDELINES INVESTOR CONFIDENCE ISSUANCE LENDER LENDERS LETTERS OF CREDIT LIABILITY LIABILITY SIDE LIQUID MARKETS LIQUIDITY LOAN LOAN PORTFOLIO LOAN PRODUCTS LOAN PROGRAM LOAN SYNDICATIONS LOCAL BANKS LOCAL CURRENCY LONG-TERM CAPITAL MANDATES MARKET COMPETITION MARKET DATA MARKET DEVELOPMENTS MARKET FAILURES MARKET INDEXES MARKET PLAYERS MARKET SHARE MARKETING STRATEGY MATURITIES MATURITY MATURITY MISMATCHES MORAL HAZARD MULTINATIONAL NEW MARKET OUTREACH OUTREACH EFFORTS PARTIAL CREDIT PARTIAL GUARANTEE PARTIAL RISK PAYMENT OF INTEREST PERFORMANCE BOND PLEDGES POLITICAL RISK POLITICAL RISKS POLITICAL UNCERTAINTY POOR ACCESS PORTFOLIO RISK PORTFOLIOS PRIVATE BORROWERS PRIVATE CAPITAL PRIVATE DEBT PRIVATE DEBT MARKETS PRIVATE FINANCE PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE SECTOR FINANCING PROBABILITY OF DEFAULT PUBLIC AGENCIES PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RETURN RISK MANAGEMENT RISK MITIGATION RISK PERCEPTIONS RISK PROFILE SECURITIES SETTLEMENT SHAREHOLDERS SHORT-TERM FINANCE SOVEREIGN COUNTER-GUARANTEE SOVEREIGN GUARANTEES SUBNATIONAL FINANCE SUBSIDIARY SWAP TIMELY PAYMENT TRADE FINANCE TRANCHE TRANSACTION TRANSACTION COSTS TRANSFER RISK TRANSPARENCY TREASURY UNDERLYING ASSETS UNION URBAN DEVELOPMENT VILLAGE WOMAN This evaluation reviews the World Bank Group's (WBG's) experience with guarantee instruments during 1990-2007. Although these instruments have been an established product line of the WBG for two decades, they have not been rigorously evaluated across the World Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA). The study asks three main questions: (1) should the WBG be in the guarantee business? (2) Have guarantee instruments in the three WBG institutions been used to their potential as reflected in WBG expectations and perceived demand? And, (3) is the WBG appropriately organized to deliver its range of guarantee products in an effective and efficient manner? The challenge for the WBG is to create an environment in which guarantee and insurance products can be deployed alongside other WBG instruments in a flexible and efficient manner to meet client needs. The report concludes that maintaining the status quo, particularly in the delivery of political risk mitigation products, ought not to be an option. It suggests that WBG senior management should decide whether to take a set of collective and individually tailored actions within the current institutional structure or to adopt a new organizational structure for product delivery. 2012-03-19T10:03:23Z 2012-03-19T10:03:23Z 2009 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20090511052811 978-0-8213-7679-9 http://hdl.handle.net/10986/2627 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Publication Publications & Research :: Publication |