Documents et rapports
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Importance of a national scale credit ratings for sub-national authorities that borrow long term (anglais)
Long term financing for infrastructure projects can be costly for sub-national authorities. However, some authorities obtain better terms for their financing than others from financial institutions. Since...
Type de document: Fiche Numéro du rapport: 73642 Date du document: 1 juillet 2012 Mode de publication: Disclosed Auteur: Gallo,Joshua Mathias,Painter,David
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Partial credit guarantees for sub-national transactions (anglais)
A partial credit risk guarantee (PCG) provides comprehensive cover to sub-national governments' (SNGs) lenders in the event the SNG fails to make debt service payments on their debt, or when any default...
Type de document: Fiche Numéro du rapport: 73644 Date du document: 1 juillet 2012 Mode de publication: Disclosed Auteur: Darche,Benjamin,Gallo,Joshua Mathias
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Enabling environment for sub national government debt (anglais)
The enabling environment is the national government's legal, regulatory, and institutional framework and debt market conditions that govern sub-national governments' (SNGs) borrowing. When planning to...
Type de document: Fiche Numéro du rapport: 73643 Date du document: 1 juillet 2012 Mode de publication: Disclosed Auteur: Darche,Benjamin,Gallo,Joshua Mathias
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The importance of sub-national authorities avoiding foreign exchange risk when borrowing long-term (anglais)
It has become an internationally recognized best practice to match the repayment term of long term debt financing to the expected useful life of the infrastructure financed; sometimes 15 years or more...
Type de document: Fiche Numéro du rapport: 73641 Date du document: 1 juillet 2012 Mode de publication: Disclosed Auteur: Gallo,Joshua Mathias,Painter,David
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The advantages of structured financing for sub-national authorities (anglais)
In principle, sub-national authorities have several financing models to choose from for their infra-structure projects. A common model involves the authority taking a long term loan from a bank. Since...
Type de document: Fiche Numéro du rapport: 73640 Date du document: 1 juillet 2012 Mode de publication: Disclosed Auteur: Gallo,Joshua Mathias,Painter,David