A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme

This paper proposes and illustrates a methodology to assess the economic cost of the sovereign risk finance instruments available to the Government of Ethiopia and its development partners for financing the shock-responsive scalability component of...

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Main Authors:	Clarke, Daniel, Coll-Black, Sarah, Cooney, Naomi, Edwards, Anna
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	LIVING STANDARDS CONTINGENT LIABILITIES DEFICIT HOUSEHOLD SURVEY UNCERTAINTIES POVERTY LINE LIABILITY PEOPLE OIL RESERVE FINANCIAL MANAGEMENT FINANCING INTEREST RATE OF RETURN POVERTY ESTIMATES CROP FAILURE INVESTMENT RATE INSURANCE PROGRAM INTEREST RATE EXCHANGE DISCOUNT RATE FINANCIAL RESOURCES COST-EFFECTIVENESS POLITICAL ECONOMY EXCLUSION FINANCIAL COST BONDS DISCOUNT ALTERNATIVE RISK FINANCING FEE CLAIM PAYMENTS PAYMENTS SAVING RESERVE FINANCIER BENEFICIARIES INTERNATIONAL BANK CASH FLOWS INSTRUMENTS INSURANCE MARKET SAFETY NETS INSURANCE COMPANY POVERTY REDUCTION BUDGET COST EFFECTIVENESS DEPENDENT SAVINGS BENEFICIARY FINANCES EMERGENCY BUDGET OPTIONS FINANCIAL COSTS MARKET INSTRUMENT BORROWING RATE TRANSFERS PAYMENT MARKETS DEBT CAPITAL MARKET RETURN ESTIMATES OF POVERTY INTERNATIONAL DEVELOPMENT CHRONIC POVERTY RESERVES SENSITIVITY ANALYSES FOOD AID INSURANCE POLICY FINANCE FUTURE CASH FLOWS BANK POLICY CONTINGENT LIABILITY FOOD ITEMS EXPENDITURE DEBT FINANCING SAFETY NET TRANSFERS POVERTY DATA OPPORTUNITY COST FOOD SECURITY GOOD CAPITAL DROUGHT PAYMENT OBLIGATION SOVEREIGN RISK MARKET CONDITIONS BASIC NEEDS LAST RESORT FUTURE VALUE CLAIM PAYMENT BANK CHRONICALLY POOR RETURNS DISASTER RISK FINANCING BUDGETS CLIMATE SAFETY NET FINANCIAL INSTRUMENTS FINANCIAL INSTRUMENT CONTRACT HOUSEHOLD EXPENDITURES COST BENEFIT ANALYSIS RURAL INSURANCE PREMIUM FINANCIAL ANALYSIS MARKET PUBLIC WORKS PREMIUM PAYMENT POLICY IDIOSYNCRATIC SHOCKS INSURANCE FOOD INSECURITY ECONOMIC DEVELOPMENT CHRONIC FOOD INSECURITY GOVERNMENT BONDS SECURITY INVESTMENT BOND DELIVERY INSTRUMENTS HOUSEHOLDS RURAL AREAS POVERTY ALLOCATION FINANCIAL LIABILITY BORROWING INVESTMENTS POOR INSTRUMENT FAMILIES CROP LOSS LIABILITIES FOOD INSECURE HOUSEHOLDS GUARANTEE SWAP BENEFITS CLAIM CATASTROPHE BOND
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26510511/methodology-assess-indicative-costs-risk-financing-strategies-scaling-up-ethiopias-productive-safety-net-programme http://hdl.handle.net/10986/24636

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spelling	okr-10986-246362021-04-23T14:04:23Z A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme Clarke, Daniel Coll-Black, Sarah Cooney, Naomi Edwards, Anna LIVING STANDARDS CONTINGENT LIABILITIES DEFICIT HOUSEHOLD SURVEY UNCERTAINTIES POVERTY LINE LIABILITY PEOPLE OIL RESERVE FINANCIAL MANAGEMENT FINANCING INTEREST RATE OF RETURN POVERTY ESTIMATES CROP FAILURE INVESTMENT RATE INSURANCE PROGRAM INTEREST RATE EXCHANGE DISCOUNT RATE FINANCIAL RESOURCES COST-EFFECTIVENESS POLITICAL ECONOMY EXCLUSION FINANCIAL COST BONDS DISCOUNT ALTERNATIVE RISK FINANCING FEE CLAIM PAYMENTS PAYMENTS SAVING RESERVE FINANCIER BENEFICIARIES INTERNATIONAL BANK CASH FLOWS INSTRUMENTS INSURANCE MARKET SAFETY NETS INSURANCE COMPANY POVERTY REDUCTION BUDGET COST EFFECTIVENESS DEPENDENT SAVINGS BENEFICIARY FINANCES EMERGENCY BUDGET OPTIONS FINANCIAL COSTS MARKET INSTRUMENT BORROWING RATE TRANSFERS PAYMENT MARKETS DEBT CAPITAL MARKET RETURN ESTIMATES OF POVERTY INTERNATIONAL DEVELOPMENT CHRONIC POVERTY RESERVES SENSITIVITY ANALYSES FOOD AID INSURANCE POLICY FINANCE FUTURE CASH FLOWS BANK POLICY CONTINGENT LIABILITY FOOD ITEMS EXPENDITURE DEBT FINANCING SAFETY NET TRANSFERS POVERTY DATA OPPORTUNITY COST FOOD SECURITY GOOD CAPITAL DROUGHT PAYMENT OBLIGATION SOVEREIGN RISK MARKET CONDITIONS BASIC NEEDS LAST RESORT FUTURE VALUE CLAIM PAYMENT BANK CHRONICALLY POOR RETURNS DISASTER RISK FINANCING BUDGETS CLIMATE SAFETY NET FINANCIAL INSTRUMENTS FINANCIAL INSTRUMENT CONTRACT HOUSEHOLD EXPENDITURES COST BENEFIT ANALYSIS RURAL INSURANCE PREMIUM FINANCIAL ANALYSIS MARKET PUBLIC WORKS PREMIUM PAYMENT POLICY IDIOSYNCRATIC SHOCKS INSURANCE FOOD INSECURITY ECONOMIC DEVELOPMENT CHRONIC FOOD INSECURITY GOVERNMENT BONDS SECURITY INVESTMENT BOND DELIVERY INSTRUMENTS HOUSEHOLDS RURAL AREAS POVERTY ALLOCATION FINANCIAL LIABILITY BORROWING INVESTMENTS POOR INSTRUMENT FAMILIES CROP LOSS LIABILITIES FOOD INSECURE HOUSEHOLDS GUARANTEE SWAP BENEFITS CLAIM CATASTROPHE BOND This paper proposes and illustrates a methodology to assess the economic cost of the sovereign risk finance instruments available to the Government of Ethiopia and its development partners for financing the shock-responsive scalability component of the Productive Safety Net Programme. The methodology involves: (i) specifying rules for when additional expenditures would be triggered in each woreda; (ii) specifying alternative risk finance strategies; and (iii) analyzing the costs of each risk financing strategy, including sensitivity and scenario testing of the results. The methodology is applied to a hypothetical set of rules for drought-responsive scalability, and a range of potential risk finance strategies. 2016-07-07T21:06:20Z 2016-07-07T21:06:20Z 2016-06 Working Paper http://documents.worldbank.org/curated/en/2016/06/26510511/methodology-assess-indicative-costs-risk-financing-strategies-scaling-up-ethiopias-productive-safety-net-programme http://hdl.handle.net/10986/24636 English en_US Policy Research Working Paper;No. 7719 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Ethiopia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	LIVING STANDARDS CONTINGENT LIABILITIES DEFICIT HOUSEHOLD SURVEY UNCERTAINTIES POVERTY LINE LIABILITY PEOPLE OIL RESERVE FINANCIAL MANAGEMENT FINANCING INTEREST RATE OF RETURN POVERTY ESTIMATES CROP FAILURE INVESTMENT RATE INSURANCE PROGRAM INTEREST RATE EXCHANGE DISCOUNT RATE FINANCIAL RESOURCES COST-EFFECTIVENESS POLITICAL ECONOMY EXCLUSION FINANCIAL COST BONDS DISCOUNT ALTERNATIVE RISK FINANCING FEE CLAIM PAYMENTS PAYMENTS SAVING RESERVE FINANCIER BENEFICIARIES INTERNATIONAL BANK CASH FLOWS INSTRUMENTS INSURANCE MARKET SAFETY NETS INSURANCE COMPANY POVERTY REDUCTION BUDGET COST EFFECTIVENESS DEPENDENT SAVINGS BENEFICIARY FINANCES EMERGENCY BUDGET OPTIONS FINANCIAL COSTS MARKET INSTRUMENT BORROWING RATE TRANSFERS PAYMENT MARKETS DEBT CAPITAL MARKET RETURN ESTIMATES OF POVERTY INTERNATIONAL DEVELOPMENT CHRONIC POVERTY RESERVES SENSITIVITY ANALYSES FOOD AID INSURANCE POLICY FINANCE FUTURE CASH FLOWS BANK POLICY CONTINGENT LIABILITY FOOD ITEMS EXPENDITURE DEBT FINANCING SAFETY NET TRANSFERS POVERTY DATA OPPORTUNITY COST FOOD SECURITY GOOD CAPITAL DROUGHT PAYMENT OBLIGATION SOVEREIGN RISK MARKET CONDITIONS BASIC NEEDS LAST RESORT FUTURE VALUE CLAIM PAYMENT BANK CHRONICALLY POOR RETURNS DISASTER RISK FINANCING BUDGETS CLIMATE SAFETY NET FINANCIAL INSTRUMENTS FINANCIAL INSTRUMENT CONTRACT HOUSEHOLD EXPENDITURES COST BENEFIT ANALYSIS RURAL INSURANCE PREMIUM FINANCIAL ANALYSIS MARKET PUBLIC WORKS PREMIUM PAYMENT POLICY IDIOSYNCRATIC SHOCKS INSURANCE FOOD INSECURITY ECONOMIC DEVELOPMENT CHRONIC FOOD INSECURITY GOVERNMENT BONDS SECURITY INVESTMENT BOND DELIVERY INSTRUMENTS HOUSEHOLDS RURAL AREAS POVERTY ALLOCATION FINANCIAL LIABILITY BORROWING INVESTMENTS POOR INSTRUMENT FAMILIES CROP LOSS LIABILITIES FOOD INSECURE HOUSEHOLDS GUARANTEE SWAP BENEFITS CLAIM CATASTROPHE BOND
spellingShingle	LIVING STANDARDS CONTINGENT LIABILITIES DEFICIT HOUSEHOLD SURVEY UNCERTAINTIES POVERTY LINE LIABILITY PEOPLE OIL RESERVE FINANCIAL MANAGEMENT FINANCING INTEREST RATE OF RETURN POVERTY ESTIMATES CROP FAILURE INVESTMENT RATE INSURANCE PROGRAM INTEREST RATE EXCHANGE DISCOUNT RATE FINANCIAL RESOURCES COST-EFFECTIVENESS POLITICAL ECONOMY EXCLUSION FINANCIAL COST BONDS DISCOUNT ALTERNATIVE RISK FINANCING FEE CLAIM PAYMENTS PAYMENTS SAVING RESERVE FINANCIER BENEFICIARIES INTERNATIONAL BANK CASH FLOWS INSTRUMENTS INSURANCE MARKET SAFETY NETS INSURANCE COMPANY POVERTY REDUCTION BUDGET COST EFFECTIVENESS DEPENDENT SAVINGS BENEFICIARY FINANCES EMERGENCY BUDGET OPTIONS FINANCIAL COSTS MARKET INSTRUMENT BORROWING RATE TRANSFERS PAYMENT MARKETS DEBT CAPITAL MARKET RETURN ESTIMATES OF POVERTY INTERNATIONAL DEVELOPMENT CHRONIC POVERTY RESERVES SENSITIVITY ANALYSES FOOD AID INSURANCE POLICY FINANCE FUTURE CASH FLOWS BANK POLICY CONTINGENT LIABILITY FOOD ITEMS EXPENDITURE DEBT FINANCING SAFETY NET TRANSFERS POVERTY DATA OPPORTUNITY COST FOOD SECURITY GOOD CAPITAL DROUGHT PAYMENT OBLIGATION SOVEREIGN RISK MARKET CONDITIONS BASIC NEEDS LAST RESORT FUTURE VALUE CLAIM PAYMENT BANK CHRONICALLY POOR RETURNS DISASTER RISK FINANCING BUDGETS CLIMATE SAFETY NET FINANCIAL INSTRUMENTS FINANCIAL INSTRUMENT CONTRACT HOUSEHOLD EXPENDITURES COST BENEFIT ANALYSIS RURAL INSURANCE PREMIUM FINANCIAL ANALYSIS MARKET PUBLIC WORKS PREMIUM PAYMENT POLICY IDIOSYNCRATIC SHOCKS INSURANCE FOOD INSECURITY ECONOMIC DEVELOPMENT CHRONIC FOOD INSECURITY GOVERNMENT BONDS SECURITY INVESTMENT BOND DELIVERY INSTRUMENTS HOUSEHOLDS RURAL AREAS POVERTY ALLOCATION FINANCIAL LIABILITY BORROWING INVESTMENTS POOR INSTRUMENT FAMILIES CROP LOSS LIABILITIES FOOD INSECURE HOUSEHOLDS GUARANTEE SWAP BENEFITS CLAIM CATASTROPHE BOND Clarke, Daniel Coll-Black, Sarah Cooney, Naomi Edwards, Anna A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme
geographic_facet	Africa Ethiopia
relation	Policy Research Working Paper;No. 7719
description	This paper proposes and illustrates a methodology to assess the economic cost of the sovereign risk finance instruments available to the Government of Ethiopia and its development partners for financing the shock-responsive scalability component of the Productive Safety Net Programme. The methodology involves: (i) specifying rules for when additional expenditures would be triggered in each woreda; (ii) specifying alternative risk finance strategies; and (iii) analyzing the costs of each risk financing strategy, including sensitivity and scenario testing of the results. The methodology is applied to a hypothetical set of rules for drought-responsive scalability, and a range of potential risk finance strategies.
format	Working Paper
author	Clarke, Daniel Coll-Black, Sarah Cooney, Naomi Edwards, Anna
author_facet	Clarke, Daniel Coll-Black, Sarah Cooney, Naomi Edwards, Anna
author_sort	Clarke, Daniel
title	A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme
title_short	A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme
title_full	A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme
title_fullStr	A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme
title_full_unstemmed	A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme
title_sort	methodology to assess indicative costs of risk financing strategies for scaling up ethiopia's productive safety net programme
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/06/26510511/methodology-assess-indicative-costs-risk-financing-strategies-scaling-up-ethiopias-productive-safety-net-programme http://hdl.handle.net/10986/24636
_version_	1764457243589214208

A Methodology to Assess Indicative Costs of Risk Financing Strategies for Scaling Up Ethiopia's Productive Safety Net Programme

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