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Knowledge Note
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...
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Knowledge Note
State and local debt and the debt of quasi-public agencies have grown in importance as a result of fiscal decentralization, rapid urbanization, and the increasing role played by private capital....
(15)
Knowledge Note
It has become an internationally recognized best practice to match the repayment term of long term debt financing to the expected useful life of the infrastructure financed. This makes infrastructure...
(15)
Knowledge Note
The enabling environment is the national government’s legal, regulatory, and institutional framework and debt market conditions that govern sub-national governments’ (SNGs) borrowing. When planning...
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