Mitigating Currency Convertibility Risks in High-Risk Countries : A New IDA Lending Approach
A proposed Currency Convertibility Fund, backstopped by a contingent credit from the International Development Association (IDA)-the World Bank's concessionary window for the world's poorest countries-has been designed for the Songo Songo...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1999/04/717457/mitigating-currency-convertibility-risks-high-risk-countries-new-ida-lending-approach http://hdl.handle.net/10986/11490 |
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okr-10986-114902021-06-14T11:03:32Z Mitigating Currency Convertibility Risks in High-Risk Countries : A New IDA Lending Approach Rasmussen, Karen CONVERTIBILITY RISK MANAGEMENT INVESTMENT RISKS EQUITY INVESTMENTS DEVELOPMENT CREDIT AGREEMENT ADMINISTRATIVE ARRANGEMENTS GUARANTEED INVESTMENT CONTRACTS FOREIGN INVESTMENT PRIVATE INVESTMENTS POLITICAL RISK INSURANCE CASH FLOWS COMMERCIAL DEBT CURRENCY CURRENCY CONVERTIBILITY DEBT DIVIDENDS EARNINGS ELECTRICITY GENERATION EXPENDITURES FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTORS FOREIGN PRIVATE INVESTMENT INSURANCE INTERNATIONAL FINANCE LOCAL CURRENCY OIL OTC PRIVATIZATION PROJECT FINANCING SOVEREIGN RISK A proposed Currency Convertibility Fund, backstopped by a contingent credit from the International Development Association (IDA)-the World Bank's concessionary window for the world's poorest countries-has been designed for the Songo Songo Gas Development and Power Generation Project in Tanzania. The fund is a transitional mechanism aimed at supporting the Tanzanian government's efforts to attract foreign equity in circumstances where the private sector perceives a high level of risk and is otherwise unwilling to invest. The fund may be a replicable mechanism that, by mitigating sovereign risks that investors are unwilling to bear and unable to hedge against, could help catalyze foreign equity investment in other IDA countries and in projects that generate local currency. 2012-08-13T15:12:46Z 2012-08-13T15:12:46Z 1999-04 http://documents.worldbank.org/curated/en/1999/04/717457/mitigating-currency-convertibility-risks-high-risk-countries-new-ida-lending-approach Viewpoint. -- Note no. 180 (April 1999) http://hdl.handle.net/10986/11490 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Africa Tanzania |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CONVERTIBILITY RISK MANAGEMENT INVESTMENT RISKS EQUITY INVESTMENTS DEVELOPMENT CREDIT AGREEMENT ADMINISTRATIVE ARRANGEMENTS GUARANTEED INVESTMENT CONTRACTS FOREIGN INVESTMENT PRIVATE INVESTMENTS POLITICAL RISK INSURANCE CASH FLOWS COMMERCIAL DEBT CURRENCY CURRENCY CONVERTIBILITY DEBT DIVIDENDS EARNINGS ELECTRICITY GENERATION EXPENDITURES FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTORS FOREIGN PRIVATE INVESTMENT INSURANCE INTERNATIONAL FINANCE LOCAL CURRENCY OIL OTC PRIVATIZATION PROJECT FINANCING SOVEREIGN RISK |
| spellingShingle |
CONVERTIBILITY RISK MANAGEMENT INVESTMENT RISKS EQUITY INVESTMENTS DEVELOPMENT CREDIT AGREEMENT ADMINISTRATIVE ARRANGEMENTS GUARANTEED INVESTMENT CONTRACTS FOREIGN INVESTMENT PRIVATE INVESTMENTS POLITICAL RISK INSURANCE CASH FLOWS COMMERCIAL DEBT CURRENCY CURRENCY CONVERTIBILITY DEBT DIVIDENDS EARNINGS ELECTRICITY GENERATION EXPENDITURES FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTORS FOREIGN PRIVATE INVESTMENT INSURANCE INTERNATIONAL FINANCE LOCAL CURRENCY OIL OTC PRIVATIZATION PROJECT FINANCING SOVEREIGN RISK Rasmussen, Karen Mitigating Currency Convertibility Risks in High-Risk Countries : A New IDA Lending Approach |
| geographic_facet |
Africa Tanzania |
| relation |
Viewpoint |
| description |
A proposed Currency Convertibility Fund,
backstopped by a contingent credit from the International
Development Association (IDA)-the World Bank's
concessionary window for the world's poorest
countries-has been designed for the Songo Songo Gas
Development and Power Generation Project in Tanzania. The
fund is a transitional mechanism aimed at supporting the
Tanzanian government's efforts to attract foreign
equity in circumstances where the private sector perceives a
high level of risk and is otherwise unwilling to invest. The
fund may be a replicable mechanism that, by mitigating
sovereign risks that investors are unwilling to bear and
unable to hedge against, could help catalyze foreign equity
investment in other IDA countries and in projects that
generate local currency. |
| format |
Publications & Research :: Viewpoint |
| author |
Rasmussen, Karen |
| author_facet |
Rasmussen, Karen |
| author_sort |
Rasmussen, Karen |
| title |
Mitigating Currency Convertibility Risks in High-Risk Countries : A New IDA Lending Approach |
| title_short |
Mitigating Currency Convertibility Risks in High-Risk Countries : A New IDA Lending Approach |
| title_full |
Mitigating Currency Convertibility Risks in High-Risk Countries : A New IDA Lending Approach |
| title_fullStr |
Mitigating Currency Convertibility Risks in High-Risk Countries : A New IDA Lending Approach |
| title_full_unstemmed |
Mitigating Currency Convertibility Risks in High-Risk Countries : A New IDA Lending Approach |
| title_sort |
mitigating currency convertibility risks in high-risk countries : a new ida lending approach |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1999/04/717457/mitigating-currency-convertibility-risks-high-risk-countries-new-ida-lending-approach http://hdl.handle.net/10986/11490 |
| _version_ |
1764416922883981312 |