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Financing Infrastructure in Developing Countries

Antonio Estache, Tomas Serebrisky () and Liam Wren-Lewis ()

Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: This article develops a theoretical framework to analyze options for financing infrastructurein developing countries. We build a basic model that gives motivations for usinga combination of public finance, private debt and private equity. The model is thenextended in a number of ways to examine a variety of factors that are important fordeveloping countries when considering financing choices. We focus in particular on keyinstitutional weaknesses that are often important for infrastructure investment. Overall,we show that such weaknesses can be key in determining financing choices, but that theydo not all push in the same direction. Financing schemes must therefore be adapted toconsider the institutional limitations that are most pertinent in any given context.

Keywords: finance; development; infrastructure (search for similar items in EconPapers)
JEL-codes: G32 G38 H54 O16 (search for similar items in EconPapers)
Pages: 33 p.
Date: 2015-03
New Economics Papers: this item is included in nep-ppm and nep-tre
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

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https://dipot.ulb.ac.be/dspace/bitstream/2013/1969 ... NLEWIS-financing.pdf 2015-11-ESTACHE_SEREBRISKY_WRENLEWIS-financing (application/pdf)

Related works:
Journal Article: Financing infrastructure in developing countries (2015) Downloads
Working Paper: Financing infrastructure in developing countries (2015)
Working Paper: Financing infrastructure in developing countries (2015)
Working Paper: Financing infrastructure in developing countries (2015)
Working Paper: Financing infrastructure in developing countries (2015)
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