Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing

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 a...

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Những tác giả chính: Halland, Håvard, Beardsworth, John, Land, Bryan, Schmidt, James
Định dạng: Sách
Ngôn ngữ:English
Được phát hành: World Bank 2015
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Truy cập trực tuyến:https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56519
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spelling oai:scholar.dlu.edu.vn:DLU123456789-565192023-11-11T05:38:45Z Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing Halland, Håvard Beardsworth, John Land, Bryan Schmidt, James Infastructure finance Extractives Resource-backed finance Infrastructure 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 and 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 RFI?s role, risks, and potential, without any intention to present a World Bank?supported 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. 2015-06-15T06:41:50Z 2015-06-15T06:41:50Z 2014 Book 9781464802393 9781464802409 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56519 en application/pdf World Bank
institution Thư viện Trường Đại học Đà Lạt
collection Thư viện số
language English
topic Infastructure finance
Extractives
Resource-backed finance
Infrastructure
spellingShingle Infastructure finance
Extractives
Resource-backed finance
Infrastructure
Halland, Håvard
Beardsworth, John
Land, Bryan
Schmidt, James
Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing
description 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 and 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 RFI?s role, risks, and potential, without any intention to present a World Bank?supported 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.
format Book
author Halland, Håvard
Beardsworth, John
Land, Bryan
Schmidt, James
author_facet Halland, Håvard
Beardsworth, John
Land, Bryan
Schmidt, James
author_sort Halland, Håvard
title Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing
title_short Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing
title_full Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing
title_fullStr Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing
title_full_unstemmed Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing
title_sort resource financed infrastructure: a discussion on a new form of infrastructure financing
publisher World Bank
publishDate 2015
url https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/56519
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