Publication:
Unlocking Local Finance For Sustainable Infrastructure

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-09-20T19:54:29Z
dc.date.available2024-09-20T19:54:29Z
dc.date.issued2024-09-20
dc.description.abstractThis study aims to further address gaps in research related to commercial financing challenges in Local Currency Financing (LCF) for sustainable infrastructure. This will include a review of broader financial market challenges with a focus on credit/banking markets. This study is part of a broader program supported by the Public-Private Infrastructure Advisory Facility (PPIAF) to address the challenges in mobilizing LFC commercial lending into infrastructure and climate projects, public-private partnerships (PPPs), and risk sharing facilities in emerging markets. The study has drawn on the work done by the World Bank Group in particular the Infrastructure Finance Practice Group (IFP); Finance, Competitiveness & Innovation Global Practice (FCI); and the related donor-funded Joint Capital Markets Program (J-CAP) implemented by the Finance Competitiveness and Innovation Global Practice (FCI) and IFC. Through this report we expect that policy makers, money and capital market authorities, infrastructure, climate and environment, and private sector infrastructure/climate investors and financial institutions will be better informed to pursue financing options for infrastructure projects through LCF. Specifically, the report provides global knowledge and existing literature on the topic of LCF with a focus on local credit markets, an analytical framework, and actionable insights to navigate the complexities of LCF in infrastructure and climate investments. The study explains the key drivers and enablers/binding constraints for the development of a robust ecosystem for financing infrastructure in local currency (LCY), such as: (i) the scale of private savings in a country; (ii) the ability and willingness of local credit markets to provide long-tenor debt; (iii) the potential for local capital markets to provide finance; (iv) the cost differential between LCY and foreign currency (FX) debt; and (v) capacity for structuring and credit evaluation skills for sustainable infrastructure financing.en
dc.identifierhttp://documents.worldbank.org/curated/en/099091124150032446/P1791021e6a66f0531b4a11825d8f88cba9
dc.identifier.doi10.1596/42180
dc.identifier.urihttps://hdl.handle.net/10986/42180
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectFOREIGN DIRECT INVESTMENT ANALYSIS
dc.subjectMARKETS AND INSTITUTIONS FOR POVERTY REDUCTION AND SHARED PROSPERITY
dc.subjectECONOMIC GROWTH
dc.subjectINVESTMENT REFORM MAPPING
dc.subjectNO POVERTY
dc.subjectSDG 1
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.subjectPARTNERSHIP FOR THE GOALS
dc.subjectSDG 17
dc.titleUnlocking Local Finance For Sustainable Infrastructureen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleUnlocking Local Finance For Sustainable Infrastructure
okr.date.disclosure2024-09-20
okr.date.lastmodified2024-09-11T00:00:00Zen
okr.doctypeEconomic & Sector Work::Other Infrastructure Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099091124150032446/P1791021e6a66f0531b4a11825d8f88cba9
okr.guid099091124150032446
okr.identifier.docmidP179102-e6a66f88-ee32-4553-b4a1-825d8f88cba9
okr.identifier.doihttps://doi.org/10.1596/42180
okr.identifier.externaldocumentum34390078
okr.identifier.internaldocumentum34390078
okr.identifier.report193526
okr.import.id5331
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099091124150032446/pdf/P1791021e6a66f0531b4a11825d8f88cba9.pdfen
okr.region.geographicalWorld
okr.topicPoverty Reduction::Poverty Reduction Strategies
okr.topicGovernance::International Governmental Organizations
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicFinance and Financial Sector Development::Finance and Development
okr.unitInfra- Global Programs-PPIAF
okr.unitQII (IFPPQ)
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