Publication:
Output-Based Aid in Project Finance : Using World Bank Guarantees to Enhance Credit

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dc.contributor.authorvon Klaudy, Stephan
dc.contributor.authorGoswami, Umang
dc.date.accessioned2012-08-13T13:58:27Z
dc.date.available2012-08-13T13:58:27Z
dc.date.issued2005-07
dc.description.abstractTo obtain market financing for an infrastructure project, a private operator needs to be able to provide potential investors assurance that revenue flows to the project will be reliable. Where those revenue flows consist in part of government output-based aid (OBA) subsidy payments, providing that assurance can be problematic. Many governments are considered unreliable payers and therefore assigned a low credit rating by financial markets and investors. In these cases the credit quality of OBA payments needs to be enhanced if they are to help attract investment financing to the project. The World Bank offers guarantee instruments that can enhance the creditworthiness of such payments. There are two main options: partial risk guarantees to mitigate the risk of a government failing to make OBA payments for individual projects, and partial credit guarantees to help governments raise financing for a subsidy pool providing OBA payments to multiple project.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/07/7068519/output-based-aid-project-finance-using-world-bank-guarantees-enhance-credit
dc.identifier.doi10.1596/11042
dc.identifier.urihttps://hdl.handle.net/10986/11042
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesOBApproaches; Note No. 9
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectBANK GUARANTEES
dc.subjectBORROWING
dc.subjectCOMMERCIAL DEBT
dc.subjectCONSUMERS
dc.subjectCREDITWORTHINESS
dc.subjectDEBT
dc.subjectDEBT SERVICE
dc.subjectDEVELOPMENT AGENCIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectECONOMICS
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKETS
dc.subjectGOVERNMENT OBLIGATIONS
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGOVERNMENT SUBSIDY
dc.subjectHEALTH SERVICES
dc.subjectLEVIES
dc.subjectPRIVATIZATION
dc.subjectPROJECT FINANCING
dc.subjectTRANSACTION COSTS
dc.subjectUSER CHARGES
dc.subjectWATER SUPPLY
dc.titleOutput-Based Aid in Project Finance : Using World Bank Guarantees to Enhance Crediten
dspace.entity.typePublication
okr.date.disclosure2006-09-20
okr.date.doiregistration2025-04-29T09:16:25.825133Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/07/7068519/output-based-aid-project-finance-using-world-bank-guarantees-enhance-credit
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeFinance and Markets
okr.guid384231468339871988
okr.identifier.externaldocumentum000090341_20060920135117
okr.identifier.internaldocumentum7068519
okr.identifier.report37360
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/09/20/000090341_20060920135117/Rendered/PDF/373600Credit1E1BApproaches01PUBLIC1.pdfen
okr.topicPublic and Municipal Finance
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicUrban Development::Urban Economics
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth
okr.unitFinance Economics & Urban Dept (FEU)
okr.volume1 of 1
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