Dealing with public risk in private infrastructure

This volume reports on the findings of a conference on managing government exposure to private infrastructure projects. The transfer of risk to private operators should lead to the development of new infrastructure, improvements in the operation of existing infrastructure, and a reduction in budgeta...

Full description

Bibliographic Details
Corporate Author: Banco Mundial
Other Authors: Irwin, Timothy, ed, Klein, Michael W, ed, Perry, Guillermo E, ed, Thobani, Mateen, ed
Format: Book
Published: Washington, D.C. World Bank 1997
Series:World Bank latin american and caribbean studies. Viewpoints
Subjects:

MARC

LEADER 00000nam a2200000 a 4500
003 arcduce
005 20120731113359.0
008 100331s1997 dcu||||| |||| 00| 0 eng d
020 |a 0-8213-4030-1 
040 |a arcduce 
082 |a 336.36 
090 |c 16886  |d 16886 
245 |a Dealing with public risk in private infrastructure  |c / edired by Timothy Irwin...[et al.] 
260 |b World Bank  |a Washington, D.C.  |c 1997 
300 |a xiii, 155 p. :  |b il. 
490 |a World Bank latin american and caribbean studies. Viewpoints 
500 |a Copias: 47884 
504 |a Incluye bibliografía 
505 |a Preface -- Contributors -- 1. Dealing with public risk in private infrastructure: an overview / Timothy Irwin, Michael Klein, Guillermo E. Perry, and Mateen Thobani -- 2. Government support to private infrastructure projects in emerging markets / Mansoor Dailami and Michael Klein -- 3. Covering political and regulatory risks: issues and options for private infrastructure arrangements / Warrick Smith -- 4. Infrastructure franchising and government guarantees / Eduardo Engel, Ronald Fischer, and Alexander Galetovic -- 5. Managing exchange rate- and interest rate -related project exposure: are guarantees worth the risk? / Ignacio Mas -- 6. The management of contingent liabilities: a risk management framework for national governments / Christopher M. Lewis and Ashoka Mody -- Tables -- Figures 
520 |a This volume reports on the findings of a conference on managing government exposure to private infrastructure projects. The transfer of risk to private operators should lead to the development of new infrastructure, improvements in the operation of existing infrastructure, and a reduction in budgetary subsidies. Yet it also raises problems for governments. Infrastructure privatization in the developing world has frequently been accompanied by extensive residual risk-bearing by governments, which threatens to vitiate its efficiency benefits and confront future governments with large financial liabilities. To solve these problems governments need to institute policies that make investment attractive even in the absence of extensive guarantees. With these policies in place, developing country governments should be able to restrict their risk-bearing to certain political and regulatory risks over which they have direct control. When governments do provide guarantees they should attempt to measure the costs of these guarantees and improve the way they treat them in their accounts and budgets. Measurement and budgeting are critical to improving decisions about whether to provide guarantees, to improving project selection and contract design, and to protecting governments from unknowingly entering into commitments that might jeopardize future budgets. 
650 |a INFRAESTRUCTURA ECONOMICA  
650 |a RIESGO FINANCIERO  
650 |a GESTION DE LA DEUDA  
650 |a DEUDA PUBLICA  
650 |a TASA DE INTERES  
650 |a TIPO DE CAMBIO  
650 |a PAISES EN DESARROLLO 
653 |a CAMBIO EXTERIOR 
653 |a TERCER MUNDO 
700 |a Irwin, Timothy, ed. 
700 |a Klein, Michael W, ed. 
700 |a Perry, Guillermo E, ed. 
700 |a Thobani, Mateen, ed. 
710 |a Banco Mundial 
942 |c LIBR  |j 336.36 I 47883 
952 |0 0  |1 0  |4 0  |6 336_360000000000000_I_47883  |7 0  |9 20886  |a BMB  |b BMB  |d 2010-01-01  |l 0  |o 336.36 I 47883  |p 47883  |r 2010-08-26 00:00:00  |u 18645  |w 2010-08-26  |y LIBR 
952 |0 0  |1 0  |4 0  |6 336_360000000000000_I_47884  |7 0  |9 20887  |a BMB  |b BMB  |d 2010-01-01  |l 0  |o 336.36 I 47884  |p 47884  |r 2010-08-26 00:00:00  |u 18646  |w 2010-08-26  |y LIBR 
999 |c 16857  |d 16857