Publication: Enhancing the Creditworthiness of Municipal Bonds : Innovations from Mexico
dc.contributor.author | Leigland, James | |
dc.contributor.author | Mandri-Perrott, Cledan | |
dc.date.accessioned | 2012-08-13T12:15:49Z | |
dc.date.available | 2012-08-13T12:15:49Z | |
dc.date.issued | 2008-08 | |
dc.description.abstract | In 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.identifier | http://documents.worldbank.org/curated/en/2008/08/9988449/enhancing-creditworthiness-municipal-bonds-innovations-mexico | |
dc.identifier.doi | 10.1596/10598 | |
dc.identifier.uri | https://hdl.handle.net/10986/10598 | |
dc.language | English | |
dc.publisher | World Bank, Washington, DC | |
dc.relation.ispartofseries | Gridlines; No. 39 | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo/ | |
dc.subject | ACCOUNTABILITY | |
dc.subject | ADEQUATE ASSURANCES | |
dc.subject | AFFORDABLE INTEREST RATES | |
dc.subject | BALANCE SHEET | |
dc.subject | BALANCE SHEET DEBT | |
dc.subject | BANK LENDING | |
dc.subject | BOND ISSUANCES | |
dc.subject | BOND ISSUES | |
dc.subject | BOND SALES | |
dc.subject | BONDHOLDERS | |
dc.subject | BORROWER | |
dc.subject | BORROWINGS | |
dc.subject | CAPITAL MARKETS | |
dc.subject | CAPITALIZATION | |
dc.subject | CAR LOANS | |
dc.subject | CASE OF DEFAULT | |
dc.subject | CASH FLOWS | |
dc.subject | CENTRAL GOVERNMENTS | |
dc.subject | COLLATERAL | |
dc.subject | COMMERCIAL BANKS | |
dc.subject | CONTINGENT LIABILITY | |
dc.subject | CREDIT ENHANCEMENTS | |
dc.subject | CREDIT RATING | |
dc.subject | CREDIT RATING AGENCIES | |
dc.subject | CREDIT RATINGS | |
dc.subject | CREDIT STANDING | |
dc.subject | CREDIT STRENGTH | |
dc.subject | CREDITORS | |
dc.subject | CREDITWORTHINESS | |
dc.subject | CURRENCY | |
dc.subject | DEBT ISSUANCE | |
dc.subject | DEBT OBLIGATIONS | |
dc.subject | DEBT REPAYMENT | |
dc.subject | DEBT REPAYMENTS | |
dc.subject | DEBT SECURITIES | |
dc.subject | DEBT SERVICE | |
dc.subject | DEBT SERVICE PAYMENT | |
dc.subject | DEBT SERVICE PAYMENTS | |
dc.subject | DEBTS | |
dc.subject | DECENTRALIZATION | |
dc.subject | DEVELOPING COUNTRIES | |
dc.subject | DEVELOPING COUNTRY | |
dc.subject | DEVELOPMENT BANK | |
dc.subject | ECONOMIC GROWTH | |
dc.subject | EMERGING MARKET | |
dc.subject | EMERGING MARKET DEBT | |
dc.subject | EXISTING ASSETS | |
dc.subject | FACE VALUE | |
dc.subject | FINANCES | |
dc.subject | FINANCIAL ADVISORS | |
dc.subject | FINANCIAL AUTONOMY | |
dc.subject | FINANCIAL CRISIS | |
dc.subject | FINANCIAL HEALTH | |
dc.subject | FINANCINGS | |
dc.subject | FUTURE DEBT | |
dc.subject | GENERAL OBLIGATION | |
dc.subject | GENERAL OBLIGATION BORROWING | |
dc.subject | GENERAL OBLIGATIONS | |
dc.subject | GOVERNMENT DEBT | |
dc.subject | GOVERNMENT EXPENDITURE | |
dc.subject | GOVERNMENT REVENUE | |
dc.subject | HOME MORTGAGES | |
dc.subject | IMPLICIT GUARANTEE | |
dc.subject | IMPLICIT GUARANTEES | |
dc.subject | INFRASTRUCTURE BONDS | |
dc.subject | INTEREST RATES | |
dc.subject | INTERGOVERNMENTAL TRANSFERS | |
dc.subject | INTERNAL CREDIT ENHANCEMENTS | |
dc.subject | INTERNATIONAL CAPITAL | |
dc.subject | INTERNATIONAL CAPITAL MARKETS | |
dc.subject | INTERNATIONAL FINANCE | |
dc.subject | INTERNATIONAL SETTLEMENT | |
dc.subject | LENDERS | |
dc.subject | LOAN | |
dc.subject | LOAN AGREEMENTS | |
dc.subject | LOAN SIZE | |
dc.subject | LOCAL ADMINISTRATION | |
dc.subject | LOCAL GOVERNMENT | |
dc.subject | LOCAL GOVERNMENT BORROWER | |
dc.subject | LOCAL GOVERNMENT BORROWERS | |
dc.subject | LOCAL GOVERNMENT DEBT | |
dc.subject | LOCAL GOVERNMENT REVENUE | |
dc.subject | LOCAL GOVERNMENTS | |
dc.subject | LOW INTEREST RATES | |
dc.subject | MONOPOLY | |
dc.subject | MORAL HAZARD | |
dc.subject | MUNICIPAL | |
dc.subject | MUNICIPAL BOND | |
dc.subject | MUNICIPAL BOND ISSUANCE | |
dc.subject | MUNICIPAL BOND ISSUES | |
dc.subject | MUNICIPAL BOND MARKET | |
dc.subject | MUNICIPAL BONDS | |
dc.subject | MUNICIPAL BORROWERS | |
dc.subject | MUNICIPAL BORROWING | |
dc.subject | MUNICIPAL BUDGETS | |
dc.subject | MUNICIPAL DEBT | |
dc.subject | MUNICIPAL GOVERNMENTS | |
dc.subject | MUNICIPALITIES | |
dc.subject | OUTSTANDING DEBT | |
dc.subject | PAYMENT MECHANISMS | |
dc.subject | PENSION | |
dc.subject | PENSION FUND | |
dc.subject | PENSION FUNDS | |
dc.subject | PRIVATE FINANCIAL INSTITUTIONS | |
dc.subject | PRIVATE INFRASTRUCTURE | |
dc.subject | PUBLIC FINANCE | |
dc.subject | PUBLIC-PRIVATE PARTNERSHIP | |
dc.subject | PUBLIC-PRIVATE PARTNERSHIPS | |
dc.subject | RECEIVABLES | |
dc.subject | RESERVE | |
dc.subject | RESERVE ACCOUNTS | |
dc.subject | REVENUE BONDS | |
dc.subject | REVENUE INTERCEPTS | |
dc.subject | RISK OF DEFAULT | |
dc.subject | SECURITIES | |
dc.subject | SOVEREIGN DEBT | |
dc.subject | SOVEREIGN GUARANTEES | |
dc.subject | SUBNATIONAL FINANCE | |
dc.subject | SUSTAINABLE DEVELOPMENT | |
dc.subject | TAX | |
dc.subject | TAX REVENUES | |
dc.subject | TECHNICAL ASSISTANCE | |
dc.subject | TELEPHONE SERVICE | |
dc.subject | TRADABLE SECURITIES | |
dc.subject | TRANSACTION | |
dc.subject | TRANSACTION COSTS | |
dc.subject | TURNOVER | |
dc.subject | URBAN DEVELOPMENT | |
dc.title | Enhancing the Creditworthiness of Municipal Bonds : Innovations from Mexico | en |
dspace.entity.type | Publication | |
okr.date.doiregistration | 2025-04-29T10:36:36.162232Z | |
okr.doctype | Publications & Research::Brief | |
okr.doctype | Publications & Research | |
okr.docurl | http://documents.worldbank.org/curated/en/2008/08/9988449/enhancing-creditworthiness-municipal-bonds-innovations-mexico | |
okr.globalpractice | Social, Urban, Rural and Resilience | |
okr.globalpractice | Governance | |
okr.globalpractice | Finance and Markets | |
okr.globalpractice | Trade and Competitiveness | |
okr.guid | 119971468300675018 | |
okr.identifier.externaldocumentum | 000333038_20081102233807 | |
okr.identifier.internaldocumentum | 9988449 | |
okr.identifier.report | 46263 | |
okr.language.supported | en | |
okr.pdfurl | http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/11/02/000333038_20081102233807/Rendered/PDF/462630BRI0Box31nnovations1in1Mexico.pdf | en |
okr.region.administrative | Latin America & Caribbean | |
okr.region.country | Mexico | |
okr.topic | Finance and Financial Sector Development::Access to Finance | |
okr.topic | Private Sector Development::Emerging Markets | |
okr.topic | Finance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress | |
okr.topic | Finance and Financial Sector Development::Debt Markets | |
okr.topic | Urban Development::Municipal Financial Management | |
okr.unit | Public-Priv Infra Advsry Fcility (PPIAF) | |
okr.volume | 1 of 1 | |
relation.isAuthorOfPublication | 9b5a8c36-d336-55a3-8f2c-509708c3999c | |
relation.isAuthorOfPublication.latestForDiscovery | 9b5a8c36-d336-55a3-8f2c-509708c3999c |
Files
License bundle
1 - 1 of 1