Publication:
A Pre-export Guarantee Facility in Moldova : Mitigating Political Risk in Transition

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dc.contributor.authorRühl, Onno
dc.contributor.authorWatkins, Alfred
dc.date.accessioned2012-08-13T15:36:48Z
dc.date.available2012-08-13T15:36:48Z
dc.date.issued1995-12
dc.description.abstractMoldovan firms wanting to export face severe financing constraints. The local banking system has neither the capital base nor the technical capacity to finance their working capital requirements. And export credit agencies either are not willing to provide cover, or, if they are, they require a full government counterguarantee covering both commercial and political risks. Thus, to enable viable local firms to attract private working capital, the government of Moldova asked the World Bank to help design a pre-export guarantee facility, with the proviso that the facility should not require the government to assume commercial risks. Under this facility, the Moldovan government guarantees financiers against political risk, and the World Bank provides a backstop guarantee of the government's claim payment obligations. A similar approach could be used in other transition economies, where firms face similar constraints. This Note describes the development of the facility and offers suggestions for designing a "line of guarantee" modeled on it as a way to help attract private finance for a relatively large number of small projects.en
dc.identifierhttp://documents.worldbank.org/curated/en/1995/12/696851/pre-export-guarantee-facility-moldova-mitigating-political-risk-transition
dc.identifier.doi10.1596/11642
dc.identifier.urihttps://hdl.handle.net/10986/11642
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesViewpoint: Public Policy for the Private Sector; Note No. 64
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectGUARANTEE AGREEMENTS
dc.subjectEXPORT CREDIT INSURANCE
dc.subjectEXPORT FINANCE
dc.subjectEXPORT DEVELOPMENT
dc.subjectWORLD BANK
dc.subjectPRIVATE INVESTMENTS
dc.subjectCOMMERICAL RISKS
dc.subjectTRANSITION ECONOMIES
dc.subjectPOLITICAL RISKS
dc.subjectCONTINGENT LOAN FACILITY
dc.subjectPRE-EXPORT GUARANTEE FACILITY ASSURANCE
dc.subjectCAPITAL BASE
dc.subjectCOVERAGE
dc.subjectENABLING ENVIRONMENT
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCING CONSTRAINTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE REGIME
dc.subjectINTERNATIONAL BANKS
dc.subjectLIBERALIZATION
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL RISKS
dc.subjectPRESIDENCY
dc.subjectTRADING
dc.subjectTRADING COMPANIES
dc.subjectTRANSITION ECONOMIES
dc.subjectWORKING CAPITAL
dc.titleA Pre-export Guarantee Facility in Moldova : Mitigating Political Risk in Transitionen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T09:46:35.134197Z
okr.doctypePublications & Research::Viewpoint
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/1995/12/696851/pre-export-guarantee-facility-moldova-mitigating-political-risk-transition
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid522301468758135882
okr.identifier.externaldocumentum000009265_3980420172828
okr.identifier.internaldocumentum696851
okr.identifier.report16923
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1995/12/01/000009265_3980420172828/Rendered/PDF/multi0page.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryMoldova
okr.topicInsurance and Risk Mitigation
okr.topicGovernance::National Governance
okr.topicBanks and Banking Reform
okr.topicFinancial Crisis Management and Restructuring
okr.topicEnvironmental Economics and Policies
okr.topicFinance and Financial Sector Development
okr.topicEnvironment
okr.unitFinancial Sctr Operations & Pol (OPD)
okr.volume1 of 1
relation.isSeriesOfPublication1067ecbf-b217-4376-a77e-64594be2b212
relation.isSeriesOfPublication.latestForDiscovery1067ecbf-b217-4376-a77e-64594be2b212
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