Investment Financing in the Wake of the Crisis : The Role of Multilateral Development Banks
Sustained growth in emerging markets and developing economies requires long-term, reliable capital to finance productive investment, including in basic infrastructure. However, the availability and composition of long-term financing is constrained,...
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| Format: | Brief |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17938866/investment-financing-wake-crisis-role-multilateral-development-banks http://hdl.handle.net/10986/22619 |
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okr-10986-226192021-04-23T14:04:09Z Investment Financing in the Wake of the Crisis : The Role of Multilateral Development Banks Chelsky, Jeff Morel, Claire Kabir, Mabruk ACCOUNTABILITY ACCOUNTABILITY STRUCTURES ADVISORY SERVICES ASSET MANAGEMENT ASYMMETRIC INFORMATION BALANCE SHEETS BANK GOVERNORS BANK LENDING BOND FINANCING BOND FLOWS BOND ISSUANCE BONDS BORROWER CAPACITY BUILDING CENTRAL BANK COMMERCIAL FUNDING COMPETITION POLICY CONFIDENCE OF INVESTORS CONNECTIVITY CONSUMER PROTECTION CORPORATE GOVERNANCE CORPORATE GOVERNANCE STANDARDS COUNTRY CAPITAL CREDIT RATINGS CREDITOR CREDITOR RIGHTS CREDITORS DEBT FLOWS DEBT MANAGEMENT DEFAULT RISK DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DIRECT FINANCING DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC POLICY EMERGING MARKETS ENVIRONMENTAL STANDARDS EQUITY FINANCE EQUITY FUNDS EQUITY INVESTMENTS EXISTING DEBT FINANCE CORPORATION FINANCIAL CRISIS FINANCIAL FRAGILITY FINANCIAL INTERMEDIARIES FINANCIAL RESOURCES FINANCIAL STABILITY FINANCIAL STRUCTURES FINANCIAL VIABILITY FINANCING NEEDS FOREIGN DIRECT INVESTMENT GLOBAL ECONOMY GLOBAL INVESTORS GOVERNANCE STANDARDS GOVERNMENT BUDGETS GOVERNMENT POLICIES GRACE PERIODS GREATER ACCESS INCOME INFORMATION ASYMMETRIES INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL DEBT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT FINANCING JUDICIAL REFORM LIQUIDITY LOAN LOAN MARKET LOCAL CURRENCY LONG-TERM DEBT LONG-TERM INVESTMENT LOW INTEREST RATES LOW-INCOME COUNTRIES MANDATES MARKET CONDITIONS MARKET FAILURES MARKET REFORMS MARKET SHARES MATURITIES MATURITY MDB MONETARY FUND MULTILATERAL DEVELOPMENT MULTILATERAL DEVELOPMENT BANKS PORTFOLIO PORTFOLIOS POTENTIAL INVESTORS PRIVATE CAPITAL PRIVATE DEBT PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR FINANCING PRIVATE SECTOR INVESTORS PRODUCTIVE INVESTMENT PRODUCTIVE INVESTMENTS PRODUCTIVITY PROFIT OPPORTUNITIES REGULATORY ENVIRONMENT REGULATORY FRAMEWORKS REGULATORY REQUIREMENTS REPAYMENT REPAYMENT DIFFICULTY RESOURCE MOBILIZATION RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MITIGATION SHAREHOLDER SUSTAINABLE GROWTH TECHNICAL ASSISTANCE TRADE FACILITATION TRANSPARENCY URBANIZATION Sustained growth in emerging markets and developing economies requires long-term, reliable capital to finance productive investment, including in basic infrastructure. However, the availability and composition of long-term financing is constrained, partly due to fragile market conditions and cyclical weaknesses in parts of the global economy, as well as longer-term trends. This has had a particularly negative impact on developing economies that do not have reliable access to international bond markets and on sectors that have traditionally relied on bank lending (such as infrastructure). At the same time, fiscal space has been eroded by the crisis, and the direct lending capacity of Multilateral Development Banks (MDBs) remains constrained. This heightens the importance of the catalytic role of the official sector in mobilizing long-term financing from the private sector by drawing on its ability to reduce and share risk. This note explores some of the ways in which MDBs are equipped to serve this purpose. 2015-09-14T21:34:38Z 2015-09-14T21:34:38Z 2013-06 Brief http://documents.worldbank.org/curated/en/2013/06/17938866/investment-financing-wake-crisis-role-multilateral-development-banks http://hdl.handle.net/10986/22619 English en_US Economic premise;no. 121 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTABILITY STRUCTURES ADVISORY SERVICES ASSET MANAGEMENT ASYMMETRIC INFORMATION BALANCE SHEETS BANK GOVERNORS BANK LENDING BOND FINANCING BOND FLOWS BOND ISSUANCE BONDS BORROWER CAPACITY BUILDING CENTRAL BANK COMMERCIAL FUNDING COMPETITION POLICY CONFIDENCE OF INVESTORS CONNECTIVITY CONSUMER PROTECTION CORPORATE GOVERNANCE CORPORATE GOVERNANCE STANDARDS COUNTRY CAPITAL CREDIT RATINGS CREDITOR CREDITOR RIGHTS CREDITORS DEBT FLOWS DEBT MANAGEMENT DEFAULT RISK DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DIRECT FINANCING DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC POLICY EMERGING MARKETS ENVIRONMENTAL STANDARDS EQUITY FINANCE EQUITY FUNDS EQUITY INVESTMENTS EXISTING DEBT FINANCE CORPORATION FINANCIAL CRISIS FINANCIAL FRAGILITY FINANCIAL INTERMEDIARIES FINANCIAL RESOURCES FINANCIAL STABILITY FINANCIAL STRUCTURES FINANCIAL VIABILITY FINANCING NEEDS FOREIGN DIRECT INVESTMENT GLOBAL ECONOMY GLOBAL INVESTORS GOVERNANCE STANDARDS GOVERNMENT BUDGETS GOVERNMENT POLICIES GRACE PERIODS GREATER ACCESS INCOME INFORMATION ASYMMETRIES INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL DEBT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT FINANCING JUDICIAL REFORM LIQUIDITY LOAN LOAN MARKET LOCAL CURRENCY LONG-TERM DEBT LONG-TERM INVESTMENT LOW INTEREST RATES LOW-INCOME COUNTRIES MANDATES MARKET CONDITIONS MARKET FAILURES MARKET REFORMS MARKET SHARES MATURITIES MATURITY MDB MONETARY FUND MULTILATERAL DEVELOPMENT MULTILATERAL DEVELOPMENT BANKS PORTFOLIO PORTFOLIOS POTENTIAL INVESTORS PRIVATE CAPITAL PRIVATE DEBT PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR FINANCING PRIVATE SECTOR INVESTORS PRODUCTIVE INVESTMENT PRODUCTIVE INVESTMENTS PRODUCTIVITY PROFIT OPPORTUNITIES REGULATORY ENVIRONMENT REGULATORY FRAMEWORKS REGULATORY REQUIREMENTS REPAYMENT REPAYMENT DIFFICULTY RESOURCE MOBILIZATION RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MITIGATION SHAREHOLDER SUSTAINABLE GROWTH TECHNICAL ASSISTANCE TRADE FACILITATION TRANSPARENCY URBANIZATION |
| spellingShingle |
ACCOUNTABILITY ACCOUNTABILITY STRUCTURES ADVISORY SERVICES ASSET MANAGEMENT ASYMMETRIC INFORMATION BALANCE SHEETS BANK GOVERNORS BANK LENDING BOND FINANCING BOND FLOWS BOND ISSUANCE BONDS BORROWER CAPACITY BUILDING CENTRAL BANK COMMERCIAL FUNDING COMPETITION POLICY CONFIDENCE OF INVESTORS CONNECTIVITY CONSUMER PROTECTION CORPORATE GOVERNANCE CORPORATE GOVERNANCE STANDARDS COUNTRY CAPITAL CREDIT RATINGS CREDITOR CREDITOR RIGHTS CREDITORS DEBT FLOWS DEBT MANAGEMENT DEFAULT RISK DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT BANK DEVELOPMENT BANKS DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DIRECT FINANCING DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC POLICY EMERGING MARKETS ENVIRONMENTAL STANDARDS EQUITY FINANCE EQUITY FUNDS EQUITY INVESTMENTS EXISTING DEBT FINANCE CORPORATION FINANCIAL CRISIS FINANCIAL FRAGILITY FINANCIAL INTERMEDIARIES FINANCIAL RESOURCES FINANCIAL STABILITY FINANCIAL STRUCTURES FINANCIAL VIABILITY FINANCING NEEDS FOREIGN DIRECT INVESTMENT GLOBAL ECONOMY GLOBAL INVESTORS GOVERNANCE STANDARDS GOVERNMENT BUDGETS GOVERNMENT POLICIES GRACE PERIODS GREATER ACCESS INCOME INFORMATION ASYMMETRIES INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTMENT INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL DEBT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT FINANCING JUDICIAL REFORM LIQUIDITY LOAN LOAN MARKET LOCAL CURRENCY LONG-TERM DEBT LONG-TERM INVESTMENT LOW INTEREST RATES LOW-INCOME COUNTRIES MANDATES MARKET CONDITIONS MARKET FAILURES MARKET REFORMS MARKET SHARES MATURITIES MATURITY MDB MONETARY FUND MULTILATERAL DEVELOPMENT MULTILATERAL DEVELOPMENT BANKS PORTFOLIO PORTFOLIOS POTENTIAL INVESTORS PRIVATE CAPITAL PRIVATE DEBT PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR FINANCING PRIVATE SECTOR INVESTORS PRODUCTIVE INVESTMENT PRODUCTIVE INVESTMENTS PRODUCTIVITY PROFIT OPPORTUNITIES REGULATORY ENVIRONMENT REGULATORY FRAMEWORKS REGULATORY REQUIREMENTS REPAYMENT REPAYMENT DIFFICULTY RESOURCE MOBILIZATION RETURN RETURNS RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MITIGATION SHAREHOLDER SUSTAINABLE GROWTH TECHNICAL ASSISTANCE TRADE FACILITATION TRANSPARENCY URBANIZATION Chelsky, Jeff Morel, Claire Kabir, Mabruk Investment Financing in the Wake of the Crisis : The Role of Multilateral Development Banks |
| relation |
Economic premise;no. 121 |
| description |
Sustained growth in emerging markets and
developing economies requires long-term, reliable capital to
finance productive investment, including in basic
infrastructure. However, the availability and composition of
long-term financing is constrained, partly due to fragile
market conditions and cyclical weaknesses in parts of the
global economy, as well as longer-term trends. This has had
a particularly negative impact on developing economies that
do not have reliable access to international bond markets
and on sectors that have traditionally relied on bank
lending (such as infrastructure). At the same time, fiscal
space has been eroded by the crisis, and the direct lending
capacity of Multilateral Development Banks (MDBs) remains
constrained. This heightens the importance of the catalytic
role of the official sector in mobilizing long-term
financing from the private sector by drawing on its ability
to reduce and share risk. This note explores some of the
ways in which MDBs are equipped to serve this purpose. |
| format |
Brief |
| author |
Chelsky, Jeff Morel, Claire Kabir, Mabruk |
| author_facet |
Chelsky, Jeff Morel, Claire Kabir, Mabruk |
| author_sort |
Chelsky, Jeff |
| title |
Investment Financing in the Wake of the Crisis : The Role of Multilateral Development Banks |
| title_short |
Investment Financing in the Wake of the Crisis : The Role of Multilateral Development Banks |
| title_full |
Investment Financing in the Wake of the Crisis : The Role of Multilateral Development Banks |
| title_fullStr |
Investment Financing in the Wake of the Crisis : The Role of Multilateral Development Banks |
| title_full_unstemmed |
Investment Financing in the Wake of the Crisis : The Role of Multilateral Development Banks |
| title_sort |
investment financing in the wake of the crisis : the role of multilateral development banks |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2013/06/17938866/investment-financing-wake-crisis-role-multilateral-development-banks http://hdl.handle.net/10986/22619 |
| _version_ |
1764451574866771968 |