Publication:
Government Guarantees : Allocating and Valuing Risk in Privately Financed Infrastructure Projects

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dc.contributor.authorIrwin, Timothy C.
dc.date.accessioned2012-05-30T13:52:10Z
dc.date.available2012-05-30T13:52:10Z
dc.date.issued2007
dc.description.abstractGovernment guarantees can help persuade private investors to finance valuable new infrastructure. But because their costs are hard to estimate and usually do not show up in the government's accounts, governments can be tempted to grant too many guarantees. Drawing on a diverse range of disciplines, including finance, history, economics, and psychology, Government Guarantees : Allocating and Valuing Risk in Privately Financed Infrastructure Projects aims to help governments give guarantees only when they are justified. It reviews the history of government guarantees and identifies the cognitive and political obstacles to good decisions about guarantees. It then develops a framework for judging when governments should bear risk in an infrastructure project (seeking to make precise the oft-invoked principle that risks should be allocated to those best placed to manage them); explains how guarantees can be valued; and discusses how aspects of public-sector management can be modified to improve the likely quality of government decisions about guarantees.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/01/7538159/government-guarantees-allocating-valuing-risk-privately-financed-infrastructure-projects
dc.identifier.doi10.1596/978-0-8213-6858-9
dc.identifier.isbn0-8213-6858-3
dc.identifier.urihttps://hdl.handle.net/10986/6638
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesDirections in Development; Infrastructure
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectBANKS
dc.subjectCAPITAL INVESTMENT
dc.subjectCOMMERCIAL CAPITAL
dc.subjectCONSOLIDATION
dc.subjectDEBT OBLIGATIONS
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY INVESTMENT
dc.subjectFIXED INCOME
dc.subjectFOREIGN CAPITAL
dc.subjectGRANT FUNDING
dc.subjectHOLDING COMPANIES
dc.subjectINDIVIDUAL INVESTORS
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINVESTMENT ARM
dc.subjectINVESTMENT STRATEGIES
dc.subjectINVESTOR CONFIDENCE
dc.subjectLIMITED
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INDUSTRY
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectOUTSTANDING LOANS
dc.subjectPARENT COMPANY
dc.subjectPENSION FUNDS
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTOR
dc.subjectPRIVATE INVESTORS
dc.subjectSOCIETY
dc.subjectTRANSPARENCY
dc.titleGovernment Guarantees : Allocating and Valuing Risk in Privately Financed Infrastructure Projectsen
dspace.entity.typePublication
okr.date.disclosure2007-06-06
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2007/01/7538159/government-guarantees-allocating-valuing-risk-privately-financed-infrastructure-projects
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.guid287611468339900724
okr.identifier.doi10.1596/978-0-8213-6858-9
okr.identifier.externaldocumentum000310607_20070413163547
okr.identifier.internaldocumentum7538159
okr.identifier.report39497
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/04/13/000310607_20070413163547/Rendered/PDF/394970Gov0guar101OFFICIAL0USE0ONLY1.pdfen
okr.topicRural Development::Rural Municipalities
okr.topicHousing and Human Habitats
okr.topicCommunities and Human Settlements::Rural Settlements
okr.unitOffice of the President (EXC)
okr.volume1 of 1
relation.isAuthorOfPublication4cdd14e3-d673-5b41-bfda-166d60c2e404
relation.isAuthorOfPublication.latestForDiscovery4cdd14e3-d673-5b41-bfda-166d60c2e404
relation.isSeriesOfPublication706db16a-e556-46f0-8283-1b4a4b88645c
relation.isSeriesOfPublication.latestForDiscovery706db16a-e556-46f0-8283-1b4a4b88645c
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