Baietti, Aldo

Water and Energy, East Asia and Pacific Department, World Bank
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Fields of Specialization
green infrastructure finance; water utility reform; public-private partnerships; infrastructure finance
Water and Energy, East Asia and Pacific Department, World Bank
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Last updated January 31, 2023
Mr.  Aldo Baietti is the Lead Infrastructure Specialist in the East Asia Region of the World Bank.  He has 35 plus years of international experience, focusing his work on financing, reform and private sector participation of infrastructure sectors.  Recently, he has focused his work on accelerating green investments and developed a new framework entitled “A Public Private Partnership Approach to Climate Finance”.  Some of his more notable projects include the successful Privatization of Subic Naval Base in the Philippines, the privatization and the restructuring of the telecommunications and energy sectors in El Salvador, and the privatization of more than 7,000 small scale enterprises in Kazakhstan.  He has authored a number of best practice publications on water and renewable energy financing and on private infrastructure.    Before the World Bank, Mr. Baietti held various potions in executive management, consulting and financial advisory services, including Senior Manager at Coopers & Lybrand's International Division,  Partner at the financial advisory service firm of Corporate Finance Associates and the CFO of an environmental management company in Washington, DC. 

Publication Search Results

Now showing 1 - 5 of 5
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    Private Infrastructure in East Asia : Lessons Learned in the Aftermath of the Crisis
    (Washington, DC: World Bank, 2001-04) Baietti, Aldo
    Private participation in infrastructure has taken two distinct forms in the developing world. The first model, applied primarily in Latin America, focuses on privatization of existing infrastructure assets. The second, applied largely in East Asia, focuses on retaining existing assets in the public sector but seeking private sector involvement to augment capacity through new greenfield investments. The financial crisis that emerged in East Asia in mid-1997 threatened to undermine much of the progress the region had made in applying this second model to mobilize private investment and financing for infrastructure. This report describes the background of the 1997 financial crisis in East Asia and its impact on private investment in the region's infrastructure. It then analyzes lessons learned in the aftermath of the crisis in six countries--Indonesia, Malaysia, the Philippines, the Republic of Korea, Thailand, and Vietnam--and explores how these countries can respond to the new challenges.
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    Financing Water Supply and Sanitation Investments : Utilizing Risk Mitigation Instruments to Bridge the Financing Gap
    (World Bank, Washington, DC, 2005-01) Baietti, Aldo ; Raymond, Peter
    Water supply is essential for growth, as well as for social well-being. It is probably the most difficult of all infrastructure services to substitute, and its absence or deficiency represents a particular burden on the poor. In the developing world, 2 out of every 10 people lack access to a safe water supply, and 5 out of 10 have inadequate sanitation. This means that worldwide, more than 1.1 billion people do not have access to safe drinking water, and roughly 2.4 billion are without adequate sanitation. Yet even these estimates understate the extent of the access gap. Service is poor, even in many countries that have water supply systems. For many consumers, piped water is often intermittent, and, when available, it is unsafe for drinking. In addition, sanitation facilities are often inadequate, overloaded, in disrepair, or unused. To improve the situation, the World Summit on Sustainable Development in 2002 specified the targets of the Millennium Development Goals, which aim to reduce by half the proportion of people without sustainable access to safe drinking water and basic sanitation by 2015. Success in this would mean providing an additional 1.5 billion people with access to safe and reliable water and about 2 billion people with basic sanitation services.
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    A Demand-Driven Design for Irrigation in Egypt : Minimizing Risks for Both Farmers and Private Investors
    (World Bank, Washington, DC, 2008-06) Baietti, Aldo ; Abdel-Dayem, Safwat
    A new type of irrigation project, designed for the West Delta region of the Arab Republic of Egypt, promises to usher in an era of cost recovery and sustainable operation and maintenance. The project, which emphasizes involving private investors and the farming community, deploys several innovative mechanisms, such as a strategy to mitigate demand, commercial, and currency risks. Unlike the centrally planned projects of the past, this one is demand driven. The focus is on developing an irrigation network with features that farmers want and are willing to pay for.
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    Green Infrastructure Finance : A Public-Private Partnership Approach to Climate Finance
    (World Bank, Washington, DC, 2013) Baietti, Aldo
    In June 2012, the Green Infrastructure Finance Framework Report was published to address the constraints in financing green infrastructure and to develop a new approach to accelerate investments in low-emission technologies. The approach includes a financing and advisory interface, which clarifies the principles and concepts of the shared financing roles recommended by the methodology. The Framework attempts to bring clean investments towards a more familiar financing environment and to distance them from the charged political debate that has adversely affected the progress in international climate change discussions for over a decade. The detrimental effect of climate change is growing, yet clean investments are still grossly insufficient making it necessary to rethink the approach to greening the global energy mix. The need for some level of concessional financing or outright subsidy support is widely understood but the approach must be equitable, non-political and deliver a sufficient level of support. The concept of anchoring regulation in a country's existing public-private partnership (PPP) framework to focus on creating the right policy environment will greatly facilitate mainstream implementation and reduce costs. This aspect of the framework is widely understood by many developing country governments and can be easily replicated not only in East Asia, but also in other regions.
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    Green Infrastructure Finance : Leading Initiatives and Research
    (Washington, DC: World Bank, 2012-04-04) Baietti, Aldo ; Shlyakhtenko, Andrey ; La Rocca, Roberto ; Patel, Urvaksh D.
    Investments in green projects are constrained by multiple factors: 1) numerous financial and institutional constraints; 2) pronounced risks; 3) unfavorable structure of cash flow profiles; 4) anti-green market distortions. In order to boost investment flows private financing is essential, but the public and private sectors need to work together. Public instruments and concessional funding will, therefore, need to be used carefully to leverage private flows. This stocktaking report is an initial step in the work on green infrastructure finance. Its objective is to document and summarize current initiatives and leading approaches related to the challenges described as well as present the possible solutions that have been proposed. 'Green infrastructure finance', as defined in this report, is a combination of financial and nonfinancial interventions and instruments that can be utilized for making green investments in infrastructure more affordable and less risky to private sponsors, financial markets and governments. The definition is applied broadly and beyond solely financial instruments with the assumption that more suitable policies and programs are equally needed to increase the attractiveness of green investments. This work is a presentation and is not intended to be an analytical assessment of the body of research. However, this summary, besides highlighting the main conclusions of the research, also provides an assessment of the gaps in the current body of work.