The Advantages of Structured Financing for Sub-National Authorities

The Advantages of Structured Financing for Sub-National Authorities
Capital market financing for sub-national infrastructure development has a long history in some countries, but is essentially unknown in many others. There are three basic models for capital market financing: 1) general obligation financing; 2) project financing; and 3) structured financing.
  • Learning Mode: 
    Knowledge Note
  • Topics: Macroeconomic Vulnerability and Debt, Debt, Subnational Debt and Finance
  • GP: 
    Governance, Macroeconomics, Trade and Investment
  • Keywords: 
    Sub-National Government, Debt, Financing, Infrastructure, Structured Financing, sub-nationals, general obligation financing, GO bond, GO bonds, capital market financing, municipal bond market
  • Language: 
    English

Presenter Info

David Painter
Joshua Gallo

Resources

http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/11/14/000356161_20121114030547/Rendered/PDF/NonAsciiFileName0.pdf
Printed on:11 August 2022 - 01:00 PM