PPIAF’s new financing initiative
- From: Vol 8, Issue 10 (October 2007)
- Category: General
- Region: Americas
- Country:
Kathy Shandling discovers a new tool that helps sub-national entities access funding for infrastructure.
Sub-national financing continues to be a hot topic, and USAID, DFID and JBIC have all either established or pursued initiatives to empower sub-national entities by providing partial guarantees to support bond issues or bank loans without the need of a sovereign guarantee. The World Bank and the IADB, too, have programmes focused on sub-national financing and infrastructure project finance activity ...
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