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Financing small-scale infrastructure investments in developing countries

Author

Listed:
  • Daniel L. Bond
  • Daniel Platz
  • Magnus Magnusson

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.

Suggested Citation

  • Daniel L. Bond & Daniel Platz & Magnus Magnusson, 2012. "Financing small-scale infrastructure investments in developing countries," Working Papers 114, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:wpaper:114
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    File URL: http://www.un.org/esa/desa/papers/2012
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    Cited by:

    1. Jasper Kim, 2015. "Performance-based development funding using market mechanisms: A public–private partnership social financing model for medical equipment technology in developing countries," Progress in Development Studies, , vol. 15(3), pages 257-269, July.
    2. Leonardo Romeo & Paul Smoke, 2014. "The Political Economy of Local Infrastructure Planning," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1417, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.

    More about this item

    Keywords

    infrastructure finance; issuers; investors; financial sector; structured finance;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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