publication . Preprint . 2012

Financing small-scale infrastructure investments in developing countries

Daniel L. Bond; Daniel Platz; Magnus Magnusson;
Open Access
  • Published: 01 May 2012
Abstract
In most developing countries a shortage of long-term, local-currency financing for small-scale infrastructure projects impedes local economic development. Inadequate fiscal transfers, little own source revenue and low creditworthiness make it difficult for local governments to fully fund projects on their own. This paper proposes the use of project finance as a means to attract financing from domestic banks and institutional investors. Donors can play a catalytic role by providing technical assistance to develop projects and credit enhancement to attract commercial financing.
Subjects
free text keywords: infrastructure finance, issuers, investors, financial sector, structured finance, jel:H54, jel:H41, jel:H81
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