Publication:
Innovative Financing for Development

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dc.contributor.authorKetkar, Suhas
dc.contributor.authorRatha, Dilip
dc.date.accessioned2012-05-29T16:16:28Z
dc.date.available2012-05-29T16:16:28Z
dc.date.issued2009
dc.description.abstractIn the run-up to the 'follow-up international conference on financing for development' to be held in Doha from November 28 to December 2, 2008, it seems particularly timely to collect in one book writings on the various market-based innovative methods of raising development finance. Although developing countries are well advised to use caution in incurring large foreign debt obligations, especially of short duration, there is little doubt that poor countries can benefit from cross-border capital whether channeled through the public or private sectors. The papers in this book focus on various recent innovations in international finance that allow developing countries to tap global capital markets in times of low risk appetite, thereby reducing their vulnerability to booms and busts in capital flows. Debt issues backed by future hard currency receivables and diaspora bonds fall into the category of mechanisms that are best described as foul-weather friends. By linking the rate on interest to a country's ability to pay, Gross Domestic Product (GDP)-indexed bonds reduce the cyclical vulnerabilities of developing countries. Furthermore, these innovative mechanisms perm lower-cost and longer-term borrowings in international capital markets. Not only do the papers included in this book describe the innovative financing mechanisms; they also quantify the mechanisms' potential size and then identify the constraints on their use. Finally, the papers recommend concrete measures that the World Bank and other regional development banks can implement to alleviate these constraints. Economists have analyzed the feasibility and potential of using various tax-based sources of development finance in the context of meeting the millennium development goals. This has given rise to a new discipline of global public finance. This book complements those efforts by focusing on market based mechanisms for raising development finance.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/09/9890652/innovative-financing-development
dc.identifier.doi10.1596/978-0-8213-7685-0
dc.identifier.isbn978-0-8213-7685-0
dc.identifier.urihttps://hdl.handle.net/10986/6549
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC : World Bank
dc.rightsCreative Commons Attribution CC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectASSET CLASS
dc.subjectBACKED SECURITIES
dc.subjectBALANCE-OF-PAYMENTS CRISIS
dc.subjectBANK CREDITS
dc.subjectBANK DEBT
dc.subjectBANK LENDING
dc.subjectBANK LOANS
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAWS
dc.subjectBASIS POINTS
dc.subjectBENEFICIARY
dc.subjectBOND
dc.subjectBOND FINANCING
dc.subjectBOND FUND
dc.subjectBOND INVESTORS
dc.subjectBOND ISSUANCE
dc.subjectBOND ISSUE
dc.subjectBOND MARKET
dc.subjectBOND OPTION
dc.subjectBOND SALES
dc.subjectBONDHOLDERS
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectBORROWING COSTS
dc.subjectBUYBACKS
dc.subjectCAPITAL ASSET PRICING
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCERTIFICATES OF DEPOSIT
dc.subjectCLAIMANT
dc.subjectCOLLATERAL
dc.subjectCOLLECTIVE ACTION
dc.subjectCOLLECTIVE ACTION CLAUSES
dc.subjectCONTINGENT LIABILITIES
dc.subjectCOUNTRY DEBT
dc.subjectCOUNTRY RISK
dc.subjectCOUPON
dc.subjectCOUPON BONDS
dc.subjectCOUPON PAYMENTS
dc.subjectCOUPONS
dc.subjectCREDIT CARD
dc.subjectCREDIT CEILING
dc.subjectCREDIT ENHANCEMENT
dc.subjectCREDIT HISTORY
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCREDIT RATINGS
dc.subjectCREDIT RISK
dc.subjectCREDIT RISKS
dc.subjectCREDITOR
dc.subjectCREDITORS
dc.subjectCURRENCY CRISIS
dc.subjectDEBT BURDEN
dc.subjectDEBT CAPITAL
dc.subjectDEBT CONTRACTS
dc.subjectDEBT CRISES
dc.subjectDEBT CRISIS
dc.subjectDEBT DEFAULT
dc.subjectDEBT FLOWS
dc.subjectDEBT FORGIVENESS
dc.subjectDEBT ISSUANCE
dc.subjectDEBT ISSUES
dc.subjectDEBT OBLIGATIONS
dc.subjectDEBT REDUCTION
dc.subjectDEBT RELIEF
dc.subjectDEBT RESTRUCTURING
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDEBT SERVICING
dc.subjectDEBT STOCK
dc.subjectDEBT-EQUITY
dc.subjectDEBT-EQUITY SWAP
dc.subjectDEBT-EQUITY SWAPS
dc.subjectDEBTOR
dc.subjectDEBTOR COUNTRIES
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDEFAULTS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BONDS
dc.subjectDEVELOPMENT FINANCE
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISCOUNT BONDS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC POLICIES
dc.subjectEMERGING MARKETS
dc.subjectEQUITY FLOWS
dc.subjectEQUITY STAKES
dc.subjectEXCHANGE COMMISSION
dc.subjectEXPENDITURES
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL FINANCES
dc.subjectFACE VALUE
dc.subjectFALLEN ANGELS
dc.subjectFEDERAL DEPOSIT INSURANCE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL STRESS
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCING REQUIREMENTS
dc.subjectFISCAL POLICIES
dc.subjectFIXED INCOME
dc.subjectFLOATING INTEREST RATES
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGLOBAL BONDS
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL MARKETS
dc.subjectGLOBAL DEVELOPMENT FINANCE
dc.subjectGLOBAL ECONOMY
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEDGE FUNDS
dc.subjectHOST COUNTRY
dc.subjectIMMUNIZATION
dc.subjectINCOME INSTRUMENTS
dc.subjectINDEBTED COUNTRIES
dc.subjectINDEXED BONDS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE CORPORATION
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUMS
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTEREST COSTS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL DEBT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINTERNATIONAL FINANCIAL SYSTEM
dc.subjectINVESTMENT BANKS
dc.subjectINVESTMENT RATE
dc.subjectINVESTOR BASE
dc.subjectIPO
dc.subjectISSUANCE
dc.subjectJUNK BOND
dc.subjectJUNK BONDS
dc.subjectLEGAL FRAMEWORK
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE POLICIES
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN MARKET
dc.subjectLOCAL CURRENCY
dc.subjectMARKET ACCESS
dc.subjectMARKET INTEREST RATES
dc.subjectMARKET VALUES
dc.subjectMATURITY
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMONETARY FUND
dc.subjectMORTGAGE
dc.subjectMORTGAGE LOAN
dc.subjectMUTUAL FUNDS
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOUTSTANDING LOANS
dc.subjectPAR BOND
dc.subjectPAR BONDS
dc.subjectPARTIAL GUARANTEES
dc.subjectPARTIAL RISK
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPERFORMANCE RISK
dc.subjectPERFORMANCE RISKS
dc.subjectPERMANENT DEBT
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPREPAYMENT
dc.subjectPRICE RISK
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE DEBT
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE LENDERS
dc.subjectPUBLIC FINANCE
dc.subjectRELIANCE ON SHORT-TERM DEBT
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRENEGOTIATIONS
dc.subjectREPAYMENT
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRISK OF DEFAULT
dc.subjectSAFETY NET
dc.subjectSECONDARY MARKET
dc.subjectSECURITIES
dc.subjectSETTLEMENT
dc.subjectSHORT-TERM CAPITAL
dc.subjectSMALL BUSINESS
dc.subjectSOVEREIGN BOND
dc.subjectSOVEREIGN BONDS
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN DEBT RESTRUCTURING
dc.subjectSOVEREIGN RATING
dc.subjectSOVEREIGN RATINGS
dc.subjectSOVEREIGN RISK
dc.subjectSTATE BANK
dc.subjectTAX
dc.subjectTELECOMMUNICATIONS
dc.subjectTRADE FINANCE
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSFER RISKS
dc.subjectTRANSPARENCY
dc.subjectTREASURIES
dc.subjectTREASURY
dc.subjectTREASURY BONDS
dc.subjectTREASURY INFLATION
dc.subjectVALUATION
dc.subjectVARIABLE RATE
dc.subjectWARRANTS
dc.titleInnovative Financing for Developmenten
dspace.entity.typePublication
okr.date.disclosure2010-04-20
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2008/09/9890652/innovative-financing-development
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid202621468156251840
okr.identifier.doi10.1596/978-0-8213-7685-0
okr.identifier.externaldocumentum000333037_20080929005333
okr.identifier.internaldocumentum9890652
okr.identifier.report45645
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/09/29/000333037_20080929005333/Rendered/PDF/456450PUB0978010ONLY10Sept030102008.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitDevelopment Prospects Group (DECPG)
okr.volume1 of 1
relation.isAuthorOfPublication979327ad-ac79-5a52-98ad-ee91fca9734d
relation.isAuthorOfPublication.latestForDiscovery979327ad-ac79-5a52-98ad-ee91fca9734d
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