Mobilizing Domestic Capital Markets For Infrastructure Financing


Mobilizing Domestic Capital Markets For Infrastructure Financing
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Mobilizing Domestic Capital Markets For Infrastructure Financing


Mobilizing Domestic Capital Markets For Infrastructure Financing
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Author :
language : en
Publisher: World Bank Publications
Release Date : 1997

Mobilizing Domestic Capital Markets For Infrastructure Financing written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.


World Bank Technical Paper No. 369. Hydropower and irrigation projects involving reservoirs can displace thousands of people from their traditional lands and deprive them of their livelihoods. If poorly planned, they can also lead to environmental degradation. Solutions to these problems must be found--solutions that are technically feasible, sustainable, environmentally appropriate, and acceptable to the people who are resettled. This paper explains how the planned, integrated development of fishery ecosystems in reservoirs not only can mitigate the negative social consequences of dam construction, but also can enhance the economic benefits from hydropower and irrigation projects in many developing countries. The paper draws on the success of fish farming efforts in the Saguling and Cirata reservoirs in Java, which attests to the potential for creating employment in reservoirs that are in place and under construction around the world.





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language : en
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Capital Markets And Financial Resource Mobilization In Developing Countries


Capital Markets And Financial Resource Mobilization In Developing Countries
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Author : Dr. NANDAGO FATUMAH Mayanja Namusisi (PhD, Economics).
language : en
Publisher: Deepublish
Release Date : 2015-11-12

Capital Markets And Financial Resource Mobilization In Developing Countries written by Dr. NANDAGO FATUMAH Mayanja Namusisi (PhD, Economics). and has been published by Deepublish this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-12 with categories.


Capital Markets play a major role in mobilizing and allocating scarce resources in an economy and indeed they constitute a very important part of an economy for both developed and developing economies. To the developed world, the markets are part of everyday life for millions of people; ordinary and the elite, business class and policy makers. This is totally different for the developing world. The turbulent nature of the business world today necessitates that the working of Capital Markets is not only well understood by investors and issuers and all potential players in the market, but also made easily accessible for them and should therefore be brought to the mainstream economic planning of the developing world. The potentiality of the markets and their development synergy need be explored and developed in developing countries too. This simple Text Book serves to bridge this apparent gap by bringing to the fore, the significance of this segment of the financial system-the Capital Market, in effectively and efficiently mobilizing and allocating financial resources in a Developing Country context. This book has been organized in ten Chapters with an underlying motive of giving clarity to a cross section of readers. The first Chapter of the Book named Introduction introduces the theme of the Book by specifically addressing the key concepts therein namely Developing Countries and their characteristics or problems, what it takes to mobilize financial resources from both domestic and foreign based sources and the challenges thereof. Chapter two of the Book named Capital Formation in Developing Countries gives a digest of the major policies under the control of Developing Countries governments to enhance financial resource mobilization for national development of the respective countries. Chapter Three named Capital Formation and Capital Markets Investments describes how Capital Markets aid in the accumulation of Capital for a Developing Country through the various investment opportunities availed by the Capital Market namely Stocks, Bonds and Preferred Shares. Chapter Four which is Capital Market Risk and Return Analysis clearly explains the monetary gains or otherwise, an investor should expect from his or her investment in the market. The specific benefits or rewards from investing in a Stock Market and the Risks inherent in all the various Capital Markets investments together with their probable sources are digested. Chapter Five provides tools of analyzing the worthiness of the investment to be made in the Capital Markets before investors make investment decisions regarding committing their monies into those Capital Markets investments. The Chapter presents how bonds, common stocks and preferred stocks are theoretically valued to determine their true or fair value, the basis upon which their market value or market price is determined. Chapter Six presents the various sources of capital for the operation of the firm, the cost of each source of funds, the determinants of the individual costs of capital and the relevancy of Capital Markets in this process. While performing all these functions, the Capital Market needs to secure the confidence of all market participants mainly the investors and issuers (both incumbent and potential) in order for it to attract and retain a vigorous business clientele. This requires that the market is efficient in executing its roles. Therefore the relevancy of the Efficient Capital Market Theory is presented in Chapter Seven, where the various forms of the EMH along with their empirical tests and ways through which Capital Markets can be made efficient in Developing Countries are identified. The operation of the Capital Market is discussed in Chapter Eight, where the related Capital Market Institutions and their roles in securities trading and funds mobilization are presented from a practical point of view, giving mention of the performance indicator of Stock Market indices. While Chapter Nine of the Book gives a thorough digest of the role Stock Markets play in helping solve some of the social economic problems faced by Developing Countries in general and hence giving the justification for their stand, Chapter Ten provides insights of how Capital Markets can be made Engines of Growth in Developing Countries. This is for the explicit contemplation of policy makers, investors as well as agitators of development in Developing Countries. [Capital, Markets, market, Financial, Resource, Mobilization, Developing, Countries, Uganda, Fatumah, Nandago, ]



Infrastructure Financing In Asia


Infrastructure Financing In Asia
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Author : Bambang Susantono
language : en
Publisher: World Scientific
Release Date : 2019-11-19

Infrastructure Financing In Asia written by Bambang Susantono and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-19 with Business & Economics categories.


First, the book documents the evolution of Asia's infrastructure over the past half-century and reviews existing literature on the role of infrastructure investment in supporting growth and social development. It highlights the positive impact of mass transit investments on land and property values, and the possibility of taxing the increase in values to finance these investments. It then examines Asia's current practices and new solutions that can help meet the infrastructure gap. It discusses the role of institutions, how innovation can foster energy infrastructure investments, and the role of bond markets in infrastructure investments. The book explores ASEAN+3 efforts in developing local currency bond markets to provide long-term local financing for infrastructure investment while providing financial resilience. It also examines the use of green bonds to finance sustainable growth in Asia.



Financing Africa S Cities


Financing Africa S Cities
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Author : Thierry Paulais
language : en
Publisher: World Bank Publications
Release Date : 2012-07-05

Financing Africa S Cities written by Thierry Paulais and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-05 with Business & Economics categories.


This volume addresses the issues of financing urban growth of the African continent -- which has the highest urban growth rate on the planet -- in the next decades. Considerable investment will be needed to sustain this level of growth and to clear up accumulated backlogs. At the same time, decentralization has resulted in increased responsibilities for local government; but in most cases, institutional reforms were carried out without the transfer of a sufficient level of resources, and local capacities in governance and project management are weak. Which mechanisms will finance these extensive needs, and how will African local governments meet these needs? Specifics on how to finance African cities have not been studied. The actual scale of this market has not been fully grasped. A systemic approach to this market is difficult because of its diversity (country size; institutional context; characteristics of urban network; availability of capital market, currency, etc.) and a lack of data. Donors’ assistance methods in the sector are disparate, marked by disputes between different schools of thought; special-purpose vehicles created by donors operate according to a variety of methods and with wide-ranging and sparsely disseminated results. What is the best way to transform these systems, often antiquated in many respects, into modern financing systems that facilitate access to domestic markets, mobilize local savings and reinforce local government autonomy? There is no single answer to this question in regard to such a variety of institutional and economic contexts. The main objective of the study is to clarify the debates and to enlighten the choices of African decision-makers at local and national level.



Resource Financed Infrastructure


Resource Financed Infrastructure
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Author : Håvard Halland
language : en
Publisher:
Release Date : 2014-06-09

Resource Financed Infrastructure written by Håvard Halland and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-09 with Electronic books categories.


In recent decades, resource-rich developing countries have been using their natural resources as collateral to access sources of finance for investment, countervailing the barriers they face when accessing conventional bank lending and capital markets. One of the financing models that have emerged as a result is the Resource Financed Infrastructure (RFI) model, a derivation of previous oil-backed lending models pioneered by several Western banks in Africa. Under a Resource Financed Infrastructure (RFI) arrangement, a loan for current infrastructure construction is securitized against the net present value of a future revenue stream from oil or mineral extraction. The model has been applied in several African countries, for a cumulative contract value of approximately $30 billion, according to publically available sources. This report, consisting of a study prepared by global project finance specialists Hunton & Williams LLP and comments from six internationally reputed economists and policy makers, provides an analytical discussion of resource-financed infrastructure (RFI) contracting from a project finance perspective. The report is meant as a forum for in-depth discussion and as a basis for further research into RFIs role, risks, and potential, without any intention to present a World Banksupported view on RFI contracting. It is motivated by the conviction that if countries are to continue to either seek RFI or receive unsolicited RFI proposals, there is an onus on public officials to discern bad deals from good, to judge unavoidable trade-offs, and to act accordingly. The report aims to provide a basis for developing insights on how RFI deals can be made subject to the same degree of public policy scrutiny as any other instrument through which a government of a low- or lower-middle-income country might seek to mobilize development finance.



Green Finance And Investment Mobilising Bond Markets For A Low Carbon Transition


Green Finance And Investment Mobilising Bond Markets For A Low Carbon Transition
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2017-04-19

Green Finance And Investment Mobilising Bond Markets For A Low Carbon Transition written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-19 with categories.


This report describes the development of the green bond market as an innovative instrument for green finance, and provides a review of policy actions and options to promote further market development and growth. Since 2007-08, so-called “green bonds” have emerged and the market has risen from ...



Guidance Note On National Infrastructure Banks And Similar Financing Facilities


Guidance Note On National Infrastructure Banks And Similar Financing Facilities
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Author : Global Infrastructure Hub
language : en
Publisher:
Release Date : 2019-06-04

Guidance Note On National Infrastructure Banks And Similar Financing Facilities written by Global Infrastructure Hub and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-04 with categories.




Private Finance For Development


Private Finance For Development
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Author : Hilary Devine
language : en
Publisher: International Monetary Fund
Release Date : 2021-05-14

Private Finance For Development written by Hilary Devine and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-14 with Business & Economics categories.


The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.



Capital Market Integration


Capital Market Integration
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Author : Mr.Masafumi Yabara
language : en
Publisher: International Monetary Fund
Release Date : 2012-01-01

Capital Market Integration written by Mr.Masafumi Yabara and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.


Capital markets in the East African Community (EAC) face common challenges of low capitalization and liquidity, but to different degrees. EAC member countries have made noticeable progress in developing domestic capital markets through a regional approach, removing constraints on capital transactions and harmonizing market infrastructure. Nevertheless, empirical analysis suggests capital market integration has not deepened during the past few years in the EAC, although convergence of investment returns is taking place to some extent. Learning from the experience of the West African Economic and Monetary Union and the Association of Southeast Asian Nations, EAC countries would benefit from four actions to accelerate financial market integration: (i) further harmonize market infrastructure; (ii) strengthen regional surveillance mechanisms; (iii) encourage local currency bond issuance by multilateral financial institutions; and (iv) build the capacity of the existing regional institutions.