Publication:
Enhancing the Creditworthiness of Municipal Bonds : Innovations from Mexico

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dc.contributor.authorLeigland, James
dc.contributor.authorMandri-Perrott, Cledan
dc.date.accessioned2012-08-13T12:15:49Z
dc.date.available2012-08-13T12:15:49Z
dc.date.issued2008-08
dc.description.abstractIn 2001-03 the municipal bond market in Mexico was among the most active in the developing world. Government officials had found a way to dramatically enhance the creditworthiness of local government debt without using sovereign guarantees. The technique, adapted in part from private sector 'future flow' financing deals, enabled a state or local government to earn significantly higher credit ratings for bond issues than for its normal balance sheet debt. Many other developing countries have turned to Mexico as a source of innovation that may have application in their own markets.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/08/9988449/enhancing-creditworthiness-municipal-bonds-innovations-mexico
dc.identifier.doi10.1596/10598
dc.identifier.urihttps://hdl.handle.net/10986/10598
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesGridlines; No. 39
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectADEQUATE ASSURANCES
dc.subjectAFFORDABLE INTEREST RATES
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEET DEBT
dc.subjectBANK LENDING
dc.subjectBOND ISSUANCES
dc.subjectBOND ISSUES
dc.subjectBOND SALES
dc.subjectBONDHOLDERS
dc.subjectBORROWER
dc.subjectBORROWINGS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITALIZATION
dc.subjectCAR LOANS
dc.subjectCASE OF DEFAULT
dc.subjectCASH FLOWS
dc.subjectCENTRAL GOVERNMENTS
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCONTINGENT LIABILITY
dc.subjectCREDIT ENHANCEMENTS
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCREDIT RATINGS
dc.subjectCREDIT STANDING
dc.subjectCREDIT STRENGTH
dc.subjectCREDITORS
dc.subjectCREDITWORTHINESS
dc.subjectCURRENCY
dc.subjectDEBT ISSUANCE
dc.subjectDEBT OBLIGATIONS
dc.subjectDEBT REPAYMENT
dc.subjectDEBT REPAYMENTS
dc.subjectDEBT SECURITIES
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE PAYMENT
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDEBTS
dc.subjectDECENTRALIZATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANK
dc.subjectECONOMIC GROWTH
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET DEBT
dc.subjectEXISTING ASSETS
dc.subjectFACE VALUE
dc.subjectFINANCES
dc.subjectFINANCIAL ADVISORS
dc.subjectFINANCIAL AUTONOMY
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCINGS
dc.subjectFUTURE DEBT
dc.subjectGENERAL OBLIGATION
dc.subjectGENERAL OBLIGATION BORROWING
dc.subjectGENERAL OBLIGATIONS
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT REVENUE
dc.subjectHOME MORTGAGES
dc.subjectIMPLICIT GUARANTEE
dc.subjectIMPLICIT GUARANTEES
dc.subjectINFRASTRUCTURE BONDS
dc.subjectINTEREST RATES
dc.subjectINTERGOVERNMENTAL TRANSFERS
dc.subjectINTERNAL CREDIT ENHANCEMENTS
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL SETTLEMENT
dc.subjectLENDERS
dc.subjectLOAN
dc.subjectLOAN AGREEMENTS
dc.subjectLOAN SIZE
dc.subjectLOCAL ADMINISTRATION
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENT BORROWER
dc.subjectLOCAL GOVERNMENT BORROWERS
dc.subjectLOCAL GOVERNMENT DEBT
dc.subjectLOCAL GOVERNMENT REVENUE
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOW INTEREST RATES
dc.subjectMONOPOLY
dc.subjectMORAL HAZARD
dc.subjectMUNICIPAL
dc.subjectMUNICIPAL BOND
dc.subjectMUNICIPAL BOND ISSUANCE
dc.subjectMUNICIPAL BOND ISSUES
dc.subjectMUNICIPAL BOND MARKET
dc.subjectMUNICIPAL BONDS
dc.subjectMUNICIPAL BORROWERS
dc.subjectMUNICIPAL BORROWING
dc.subjectMUNICIPAL BUDGETS
dc.subjectMUNICIPAL DEBT
dc.subjectMUNICIPAL GOVERNMENTS
dc.subjectMUNICIPALITIES
dc.subjectOUTSTANDING DEBT
dc.subjectPAYMENT MECHANISMS
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPRIVATE FINANCIAL INSTITUTIONS
dc.subjectPRIVATE INFRASTRUCTURE
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC-PRIVATE PARTNERSHIP
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRECEIVABLES
dc.subjectRESERVE
dc.subjectRESERVE ACCOUNTS
dc.subjectREVENUE BONDS
dc.subjectREVENUE INTERCEPTS
dc.subjectRISK OF DEFAULT
dc.subjectSECURITIES
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN GUARANTEES
dc.subjectSUBNATIONAL FINANCE
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX
dc.subjectTAX REVENUES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELEPHONE SERVICE
dc.subjectTRADABLE SECURITIES
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTURNOVER
dc.subjectURBAN DEVELOPMENT
dc.titleEnhancing the Creditworthiness of Municipal Bonds : Innovations from Mexicoen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T10:36:36.162232Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/08/9988449/enhancing-creditworthiness-municipal-bonds-innovations-mexico
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid119971468300675018
okr.identifier.externaldocumentum000333038_20081102233807
okr.identifier.internaldocumentum9988449
okr.identifier.report46263
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/11/02/000333038_20081102233807/Rendered/PDF/462630BRI0Box31nnovations1in1Mexico.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryMexico
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicUrban Development::Municipal Financial Management
okr.unitPublic-Priv Infra Advsry Fcility (PPIAF)
okr.volume1 of 1
relation.isAuthorOfPublication9b5a8c36-d336-55a3-8f2c-509708c3999c
relation.isAuthorOfPublication.latestForDiscovery9b5a8c36-d336-55a3-8f2c-509708c3999c
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