UID:
edoccha_9960785748502883
Format:
1 online resource (88 pages)
Edition:
1st ed.
ISBN:
1-280-94027-1
,
0-8213-7101-0
,
0-8213-7100-2
,
6610940274
,
9786610940271
Series Statement:
Trends and policy options Review of risk mitigation instruments for infrastructure financing and recent trends and developments.
Content:
Although the importance of infrastructure sectors in achieving economic growth and poverty reduction is well established, raising debt and equity capital for infrastructure development and service provision has been a challenge for developing countries. Risk mitigation instruments facilitate the mobilization of commercial debt and equity capital by transferring risks that private financiers would not be willing to take to third-party official and private institutions that are capable of taking such risks. There has been increasing interest and discussion on risk mitigation instruments in the context of infrastructure financing among developing country governments, multi- and bilateral donors, and the private sector. However, due to the complex and diverse nature of risk mitigation instruments, what they can and cannot offer and how they can best be utilized for infrastructure financing are not well understood. This book summarizes existing risk mitigation instruments - primarily focusing on those offered by multilateral and bilateral official agencies - and presents recent trends and developments that make these guarantee and insurance products valuable in securing financing for infrastructure projects in developing countries. Topics covered include:Descriptions of different types of risk mitigation instruments characteristics of multilateral, bilateral, and private providers of risk mitigation instruments and compatability of instruments Recent developments and innovative applications of risk mitigation instruments through case transactions areas that pose challenges to the use of risk mitigation instruments as catalysts of infrastructure development.ucture projects and finance.
Note:
Bibliographic Level Mode of Issuance: Monograph
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Intro -- TABLE OF CONTENTS -- Authors -- Acknowledgments -- Foreword -- Background -- Introduction -- 1. Types of Risk Mitigation Instruments -- Credit Guarantees -- Export Credit Guarantees or Insurance -- Political Risk Guarantees or Insurance -- 2. Recent Trends in Risk Mitigation -- Regulatory Risk -- Devaluation Risk -- Subsovereign Risk -- 3. Characteristics of Risk Mitigation Providers and Compatibility of Products -- Multilateral Agencies -- Bilateral Agencies -- Private Financial Entities -- Complementary Arrangements -- 4. Innovative Application of Risk Mitigation Instruments -- Multilateral Wrap Guarantees by Combining Partial Credit Guarantees -- PCG Combined with Contingent Loan Support -- PCG for Pooled Financing -- Complementary Guarantees by Combining a PRG and PRI -- Corporate Finance with PRG and PRI -- Privatization Guarantees -- Brownfield Project Support -- Country-Specific Guarantee Facilities -- Global or Regional Guarantee Facilities -- Guarantee Initiatives for Local Capital Markets -- 5. Challenges Ahead -- Appendix A. Profiles of Transaction Cases -- Appendix B. Profiles of Multilateral and Bilateral Risk Mitigation Instruments -- List of Tables -- 1 Broad Category of the Availability of Instruments -- Appendix A. Profiles of Transaction Cases -- A1 Summary, Philippines Power Sector Assets and Liabilities Management Corporation -- A2 Summary, Philippine Power Trust I -- A3 Summary, Tlalnepantla Municipal Water Conservation Project -- A4 Summary, City of Johannesburg -- A5 Summary, Privatization of Romanian Power Distribution Companies -- A6 Summary, Joint Kenya-Uganda Railway Concession -- A7 Summary, AES Tietê -- A8 Summary, Phu My 2.2 BOT Power Project -- A9 Summary, Rutas del Pacifico -- A10 Summary, IIRSA Northern Amazon Hub -- A11 Summary, Tamil Nadu Pooled Financing for Water and Sanitation.
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A12 Summary, West African Gas Pipeline Project -- A13 Summary, Southern Africa Regional Gas Project -- A14 Summary, Afghanistan Investment Guarantee Facility -- A15 Summary, SME Partial Credit Guarantee Program -- A16 Summary, Private Infrastructure Development Group -- A17 Summary, BOAD Infrastructure Guarantee Facility -- A18 Summary, African Trade Insurance Agency -- Appendix B1. Profiles of Major Multilateral Risk Mitigation Instruments -- B1.1 World Bank: International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) -- B1.2 International Finance Corporation (IFC) -- B1.3 Multilateral Investment Guarantee Agency (MIGA) -- B1.4 African Development Bank (AfDB) -- B1.5 Asian Development Bank (ADB) -- B1.6 European Bank for Reconstruction and Development (EBRD) -- B1.7 Inter-American Development Bank (IDB) -- B1.8 European Investment Bank (EIB) -- B1.9 Andean Development Corporation (CAF) -- B1.10 Islamic Corporation for Insurance of Investments and Export Credits (ICIEC) -- B1.11 Inter-Arab Investment Guarantee Corporation (IAIGC) -- Appendix B2. Profiles of Major Bilateral Risk Mitigation Instruments -- B2.1 Export Development Canada (EDC) -- B2.2 Agence Française de Développement (AFD) -- B2.3 Coface -- B2.4 Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) -- B2.5 Foreign Trade and Investment Promotion Scheme (AGA) -- B2.6 Italian Export Credit Agency (SACE) -- B2.7 Japan Bank for International Cooperation (JBIC) -- B2.8 Nippon Export and Investment Insurance (NEXI) -- B2.9 Atradius Dutch State Business NV -- B2.10 The Netherlands Development Finance Company (FMO) -- B2.11 Norwegian Guarantee Institute for Export Credits (GIEK) -- B2.12 Swedish Export Credit Guarantee Board (EKN) -- B2.13 Swiss Investment Risk Guarantee Agency (IRG) -- B2.14 Swiss Export Risk Guarantee (SERV).
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B2.15 Department for International Development (DFID) -- B2.16 Export Credits Guarantee Department (ECGD) -- B2.17 United States Agency for International Development's (USAID's) Development Credit Authority (DCA) -- B2.18 Export-Import Bank of the United States (Ex-Im Bank) -- B2.19 Overseas Private Investment Corporation (OPIC) -- Box -- 1.1 Guarantees vs. Insurance -- Figure -- 1.1. Key Parameters of Risk Coverage.
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English
Language:
English
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