Publication:
Resource Financed Infrastructure : A Discussion on a New Form of Infrastructure Financing

dc.contributor.authorBeardsworth, John
dc.contributor.authorHalland, Havard
dc.contributor.authorLand, Bryan
dc.contributor.authorSchmidt, James
dc.date.accessioned2014-06-09T19:35:51Z
dc.date.available2014-06-09T19:35:51Z
dc.date.issued2014-05-29
dc.description.abstractThis report, consisting of a study prepared by global project finance specialists Hunton and Williams LLP and comments from six internationally reputed economists and policy makers, provides an analytical discussion of resource financed infrastructure (RFI) contracting from a project finance perspective. The report is meant as a forum for in-depth discussion and as a basis for further research into RFI's role, risks, and potential, without any intention to present a World Bank, supported view on RFI contracting. It is motivated by the conviction that if countries are to continue to either seeks RFI or receive unsolicited RFI proposals, there is an onus on public officials to discern bad deals from good, to judge unavoidable trade-offs, and to act accordingly. The report aims to provide a basis for developing insights on how RFI deals can be made subject to the same degree of public policy scrutiny as any other instrument through which a government of a low or lower-middle-income country might seek to mobilize development finance. The report also feeds into the global mainstreaming of 'open contracting,' providing citizens with the means to engage with governments and other stakeholders on how nonrenewable resources are best managed for the public benefit. In the case of RFI, there is a very direct link made between the value of resources in the ground and the development of (infrastructure) benefits. It should not be a surprise, therefore, that the revised Extractive Industries Transparency Initiative (EITI) Standard, adopted in May 2013, addresses extractive transactions with an infrastructure component, including RFI.en
dc.description.abstractDepuis quelques dizaines d'années, les pays en développement riches en ressources naturelles utilisent ces dernières en tant que garanties pour obtenir accès à des sources de financement pour leurs investissements et contourner les obstacles qu'ils rencontrent lorsqu'ils s'efforcent d'obtenir des prêts traditionnels auprès des banques ou des capitaux sur les marchés financiers. Différents modèles de financement sont issus de ces efforts, parmi lesquels le modèle des infrastructures financées par des ressources naturelles (IFR) qui est une variante des modèles de prêts garantis par le pétrole lancés en Afrique par plusieurs banques occidentales. Ce rapport, qui se compose d'une étude préparée par Hunton & Williams LLP, spécialiste du financement de projets à l'échelle mondiale, et de commentaires formulés par Paul Collier, Alan Gelb, Justin Yifu Lin et Yan Wang, Clare Short et Louis T Wells, est la première analyse approfondie des opérations menées dans le cadre de contrats de type IFR considérés sous l'angle du financement de projets. Il a pour objet de provoquer une réflexion de fond et de servir de base à de nouveaux travaux de recherche sur le rôle du modèle IFR, les risques qu'il pose et les perspectives qu'il offre, sans pour autant prétendre présenter des opinons des contrats IFR qui auraient l'aval de la Banque mondiale.fr
dc.identifierhttp://documents.worldbank.org/curated/en/2014/05/19628443/resource-financed-infrastructure-discussion-new-form-infrastructure-financing
dc.identifier.doi10.1596/978-1-4648-0239-3
dc.identifier.isbn978-1-4648-0239-3
dc.identifier.other10.1596/978-1-4648-0239-3
dc.identifier.urihttps://hdl.handle.net/10986/18554
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesWorld Bank Sudy;
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectAFFORDABILITY
dc.subjectAIRPORT
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK BORROWING
dc.subjectBANK DEBT
dc.subjectBANK LENDING
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBARTER
dc.subjectBID
dc.subjectBIDS
dc.subjectBOARDS OF DIRECTORS
dc.subjectBORROWING COST
dc.subjectBORROWINGS
dc.subjectBRIBES
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCC
dc.subjectCOLLATERAL
dc.subjectCOLLATERALIZATION
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVE TENDER
dc.subjectCONTRACT RIGHTS
dc.subjectCONVENTIONAL BANK
dc.subjectCORRUPTION
dc.subjectCREDIT FACILITY
dc.subjectCREDIT MARKET
dc.subjectCREDITOR
dc.subjectCREDITS
dc.subjectCREDITWORTHINESS
dc.subjectCURRENCY
dc.subjectCURRENCY MISMATCH
dc.subjectDEBT
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICING
dc.subjectDEPOSIT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT COMPANY
dc.subjectDEVELOPMENT FINANCE
dc.subjectDISBURSEMENTS
dc.subjectDIVERSIFICATION
dc.subjectDIVIDENDS PAYABLE
dc.subjectDOMESTIC CURRENCY
dc.subjectDOWN PAYMENT
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectELECTRICITY
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMPLOYMENT
dc.subjectEQUIPMENT
dc.subjectEQUITY CONTRIBUTION
dc.subjectEQUITY HOLDING
dc.subjectEQUITY INVESTMENT
dc.subjectEQUITY INVESTMENTS
dc.subjectEQUITY INVESTOR
dc.subjectEQUITY INVESTORS
dc.subjectEQUITY RETURN
dc.subjectEXCHANGE RATE
dc.subjectFINANCE INFRASTRUCTURE
dc.subjectFINANCES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL SKILLS
dc.subjectFINANCING OF INFRASTRUCTURE
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN MARKETS
dc.subjectFUNDING SOURCES
dc.subjectGLOBAL FINANCE
dc.subjectGLOBAL MARKETS
dc.subjectGOVERNMENT CREDIT
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT GRANTS
dc.subjectGOVERNMENT GUARANTEE
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SUPPORT
dc.subjectGRACE PERIOD
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOST COUNTRIES
dc.subjectHOST GOVERNMENT
dc.subjectHOST GOVERNMENTS
dc.subjectINCOME TAXES
dc.subjectINFRASTRUCTURE COSTS
dc.subjectINFRASTRUCTURE DELIVERY
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE FINANCE
dc.subjectINFRASTRUCTURE FINANCING
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINFRASTRUCTURE LOANS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINITIAL INVESTMENT
dc.subjectINITIAL INVESTMENTS
dc.subjectINSTRUMENT
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINVESTMENT POLICY
dc.subjectINVESTOR INTEREST
dc.subjectISSUANCE
dc.subjectISSUANCE OF BONDS
dc.subjectLACK OF TRANSPARENCY
dc.subjectLAWS
dc.subjectLEGAL CONSTRAINTS
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLEVEL OF RISK
dc.subjectLICENSES
dc.subjectLOAN
dc.subjectLOAN AGREEMENT
dc.subjectLOAN AGREEMENTS
dc.subjectLOAN FACILITY
dc.subjectLONG-TERM FINANCE
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DESIGN
dc.subjectMARKET RISKS
dc.subjectMDB
dc.subjectMONETARY FUND
dc.subjectNATIONAL BUDGET
dc.subjectNATIONAL TREASURY
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE PLEDGE CLAUSES
dc.subjectNEW BUSINESSES
dc.subjectNONPAYMENT
dc.subjectO&M
dc.subjectOPERATIONAL RISKS
dc.subjectOWNERSHIP INTEREST
dc.subjectPARTIAL RISK
dc.subjectPLEDGES
dc.subjectPOLITICAL RISK
dc.subjectPORT FACILITIES
dc.subjectPRESENT VALUE
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTOR
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPROVISIONS
dc.subjectPUBLIC
dc.subjectPUBLIC INFORMATION
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC PARTNERSHIP
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC PROCUREMENT LAW
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC-PRIVATE PARTNERSHIP
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRAIL
dc.subjectRAIL LINES
dc.subjectRAILWAYS
dc.subjectRATE OF RETURN
dc.subjectRECEIPTS
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREGULATORY OVERSIGHT
dc.subjectRENEGOTIATION
dc.subjectREPAYMENT
dc.subjectRETAINED EARNINGS
dc.subjectRETURN ON INVESTMENT
dc.subjectRETURNS
dc.subjectREVENUE MANAGEMENT
dc.subjectROADS
dc.subjectSETTLEMENT
dc.subjectSOURCES OF FINANCE
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN DEBTS
dc.subjectSWAPS
dc.subjectTAX
dc.subjectTAX REVENUES
dc.subjectTELECOMMUNICATIONS
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRUSTEE
dc.subjectUTILITIES
dc.subjectVALUATION
dc.subjectVEHICLE
dc.subjectWATER SUPPLY
dc.subjectWEALTH
dc.titleResource Financed Infrastructure : A Discussion on a New Form of Infrastructure Financingen
dc.titleInfrastructures financées par des ressources naturelles : Examen d'un nouveau mode de financement des infrastructuresfr
dc.title.alternativeInfrastructures financées par des ressources naturelles : examen d'un nouveau mode de financement des infrastructures Infraestruturas financiadas por recursos naturais : uma discussão sobre uma nova forma de financiamento das infraestruturasfr
dspace.entity.typePublication
okr.date.disclosure2014-06-06
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2014/05/19628443/resource-financed-infrastructure-discussion-new-form-infrastructure-financing
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid394371468154490931
okr.guid685911468322437399
okr.guid712861467986302165
okr.guid928471468126883492
okr.identifier.doi10.1596/978-1-4648-0239-3
okr.identifier.externaldocumentum000333037_20140606143941
okr.identifier.internaldocumentum19628443
okr.identifier.report88485
okr.language.supporteden
okr.language.supportedfr
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/06/000333037_20140606143941/Rendered/PDF/884850PUB0Box300EPI2102390May292014.pdfen
okr.pdfurlhttp://documents.worldbank.org/curated/en/928471468126883492/pdf/884850PUB0FREN00150385458B00PUBLIC0.pdffr
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Economics
okr.topicTransport Economics Policy and Planning
okr.topicTransport
okr.topicPublic Sector Development
okr.txturlhttp://documents.worldbank.org/curated/en/928471468126883492/text/884850PUB0FREN00150385458B00PUBLIC0.txtfr
okr.unitPublic Sector Governance (PRMPS)
relation.isAuthorOfPublication8c27f9ff-0faa-5efd-b722-9b63c0b881ec
relation.isAuthorOfPublication.latestForDiscovery8c27f9ff-0faa-5efd-b722-9b63c0b881ec
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