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Financing small-scale infrastructure investments in developing countries

Daniel Bond, Daniel Platz () and Magnus Magnusson

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: In most developing countries a shortage of long-term, local-currency financing for small-scale infrastructure projects impedes local economic development. Inadequate fiscal transfers, little own source revenue and low creditworthiness make it difficult for local governments to fully fund projects on their own. This paper proposes the use of project finance as a means to attract financing from domestic banks and institutional investors. Donors can play a catalytic role by providing technical assistance to develop projects and credit enhancement to attract commercial financing.

Keywords: infrastructure finance; issuers; investors; financial sector; structured finance (search for similar items in EconPapers)
JEL-codes: H41 H54 H81 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2012-05
New Economics Papers: this item is included in nep-cwa, nep-pbe, nep-ppm and nep-tre
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