eBook

The World Bank Group guarantee instruments 1990-2007 : an independent evaluation

World Bank

2009

Overview

Foreign direct investment and private capital flows are highly concentrated geographically, with almost half of them reaching five top destinations. These flows tend to evade many high-risk countries. Regulatory and contractual risks, particularly in infrastructure, have inhibited investments in many parts of the developing world. A core objective of the World Bank Group (WBG) has been to support the flow of private investment for development; guarantees and insurance have been among the instruments that the WBG has used to pursue this objective. This study examines three main questions: • Should the WBG be in the guarantee business? • Have guarantee instruments in the three WBG institutions been used to their potential as reflected in WBG expectations and perceived demand? • Is the WBG appropriately organized to deliver its range of guarantee products in an effective and efficient manner?

• Publisher: World Bank,World Bank Publications,The World Bank,Washington, DC
• Subject: ACCESS TO FINANCE / ACCESS TO FINANCIAL SERVICES / ACCESS TO FINANCING / ACCESS TO INFORMATION / ACCOUNTABILITY / ADB / ADVICE TO GOVERNMENTS / ADVISORY SERVICES / ARBITRAL AWARDS / BALANCE SHEET / BANK GUARANTEE / BANK GUARANTEES / Bank insurance / BANK LENDING / BANK LOAN / BANK MANAGEMENT / BANK POLICIES / BANK POLICY / BENEFICIARIES / BENEFICIARY / BID / BOND / BOND ISSUES / BOND MARKET / BONDS / BORROWER / BUSINESS & ECONOMICS / BUSINESS COMMUNITY / BUSINESS DEVELOPMENT / BUSINESS OPPORTUNITIES / BUSINESS VOLUMES / CAPITAL FLOWS / CAPITAL MARKET / CAPITAL MARKET DEVELOPMENT / CAPITAL REQUIREMENTS / CASH FLOWS / COLLATERAL / COMMERCIAL FINANCE / COMMERCIAL PAPER / COMMERCIAL TRANSACTION / COMMERCIAL TRANSACTIONS / COMMODITY PRICES / CONFLICT OF INTEREST / CONFLICTS OF INTEREST / CONTRACTUAL OBLIGATIONS / CONTRACTUAL RELATIONSHIP / COUNTRY RISK / COUPON / COUPON RATE / CREDIBILITY / CREDIT DERIVATIVE / CREDIT ENHANCEMENT / CREDIT GUARANTEE / CREDIT GUARANTEES / CREDIT RISK / CREDIT RISKS / CREDITOR / CREDITS / CURRENT ACCOUNT / CURRENT ACCOUNT SURPLUSES / DEBT / DEBT CRISES / DEBT INSTRUMENTS / DEBT MANAGEMENT / DEBT OBLIGATIONS / DEBT SERVICE / DEBT SERVICE PAYMENT / DEBTORS / DERIVATIVE / DERIVATIVE CONTRACT / DERIVATIVES / DEVALUATION / DEVELOPING COUNTRIES / DEVELOPMENT ASSISTANCE / DEVELOPMENT BANK / DEVELOPMENT BANKS / DIRECT LOANS / DOMESTIC BANKS / DOMESTIC FINANCIAL MARKETS / DOMESTIC LIQUIDITY / DUE DILIGENCE / EARNINGS / ECONOMIC GROWTH / ECONOMIC POLICIES / EMERGING MARKETS / ENTERPRISE ACCESS / ENTREPRENEUR / ENTREPRENEURS / EQUITY CAPITAL / EQUITY INVESTMENTS / Evaluation / EXCHANGE RATES / EXPLOITATION / EXPORTER / EXPROPRIATIONS / EXTERNAL FUNDING / FINANCIAL ASSETS / FINANCIAL FLOWS / FINANCIAL INNOVATION / FINANCIAL INSTRUMENT / FINANCIAL INSTRUMENTS / FINANCIAL INTERMEDIARIES / FINANCIAL PRODUCTS / FINANCIAL SERVICES / FINANCING NEEDS / FLOW OF INVESTMENT / FOREIGN DIRECT INVESTMENT / FOREIGN EXCHANGE / FOREIGN INVESTMENT / FOREIGN INVESTMENTS / GENERAL GUARANTEES / GLOBAL PRIVATE SECTOR / GLOBAL TRADE / GROSS DOMESTIC PRODUCT / GROUP GUARANTEE / GUARANTEE AGENCY / GUARANTEE PRODUCT / GUARANTEE PRODUCTS / GUARANTEE SCHEMES / GUARANTOR / HOST COUNTRIES / HOUSING / HOUSING FINANCE / INDEBTED COUNTRIES / INDEBTEDNESS / INFORMATION ASYMMETRIES / INFORMATION SHARING / INSTRUMENT / INSURANCE / INSURANCE AGENCY / INSURANCE PRODUCTS / INTEREST PAYMENTS / INTEREST RATES / INTERNATIONAL BANK / INTERNATIONAL DEVELOPMENT / INTERNATIONAL FINANCE / INTERNATIONAL FINANCIAL MARKETS / INTERNATIONAL STANDARDS / INVESTMENT CORPORATION / INVESTMENT FLOWS / INVESTMENT GUIDELINES / INVESTOR CONFIDENCE / ISSUANCE / LENDER / LENDERS / LETTERS OF CREDIT / LIABILITY / LIABILITY SIDE / LIQUID MARKETS / LIQUIDITY / LOAN / LOAN PORTFOLIO / LOAN PRODUCTS / LOAN PROGRAM / LOAN SYNDICATIONS / LOCAL BANKS / LOCAL CURRENCY / LONG-TERM CAPITAL / MANDATES / MARKET COMPETITION / MARKET DATA / MARKET DEVELOPMENTS / MARKET FAILURES / MARKET INDEXES / MARKET PLAYERS / MARKET SHARE / MARKETING STRATEGY / MATURITIES / MATURITY / MATURITY MISMATCHES / MORAL HAZARD / MULTINATIONAL / NEW MARKET / OUTREACH / OUTREACH EFFORTS / PARTIAL CREDIT / PARTIAL GUARANTEE / PARTIAL RISK / PAYMENT OF INTEREST / PERFORMANCE BOND / PLEDGES / POLITICAL RISK / POLITICAL RISKS / POLITICAL UNCERTAINTY / POOR ACCESS / PORTFOLIO RISK / PORTFOLIOS / PRIVATE BORROWERS / PRIVATE CAPITAL / PRIVATE DEBT / PRIVATE DEBT MARKETS / PRIVATE FINANCE / PRIVATE INVESTMENT / PRIVATE INVESTMENTS / PRIVATE INVESTORS / PRIVATE SECTOR FINANCING / PROBABILITY OF DEFAULT / PUBLIC AGENCIES / PUBLIC-PRIVATE PARTNERSHIP / PUBLIC-PRIVATE PARTNERSHIPS / RETURN / RISK MANAGEMENT / RISK MITIGATION / RISK PERCEPTIONS / RISK PROFILE / SECURITIES / SETTLEMENT / SHAREHOLDERS / SHORT-TERM FINANCE / SOVEREIGN COUNTER-GUARANTEE / SOVEREIGN GUARANTEES / SUBNATIONAL FINANCE / SUBSIDIARY / Surety and fidelity insurance / SWAP / TIMELY PAYMENT / TRADE FINANCE / TRANCHE / TRANSACTION / TRANSACTION COSTS / TRANSFER RISK / TRANSPARENCY / TREASURY / UNDERLYING ASSETS / UNION / URBAN DEVELOPMENT / VILLAGE / WOMAN / World Bank Group / World Bank Group -- Evaluation
• ISBN: 9780821376799, 0821376799, 0821376810, 9780821376812