Developing a Regulatory Framework for Municipal Borrowing in India
This report provides an overview of the municipal debt market as it exists and has evolved over the past ten years. It provides an assessment of trends and patterns from both bank and bond sources covering all types of municipal governments. The ov...
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| Format: | Report |
| Language: | English en_US |
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World Bank, New Delhi
2017
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| Online Access: | http://documents.worldbank.org/curated/en/132101468281673152/Main-report http://hdl.handle.net/10986/26863 |
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okr-10986-26863 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ACCRUAL ACCOUNTING ASSET CLASSIFICATION ASSET VALUES AUCTION BAILOUT BAILOUTS BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK CREDIT BANK LENDING BANKING INSTITUTIONS BANKING SECTOR BANKRUPTCY BANKRUPTCY PROCEDURES BIDS BOND BOND INSTRUMENTS BOND ISSUANCE BOND ISSUANCES BOND ISSUE BOND ISSUES BOND MARKET BORROWER BORROWING CAPACITY BORROWING STRATEGIES BUDGET CONSTRAINTS BUDGETING CAPITAL GRANTS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS CASH FLOW CASH FLOWS CASH RESERVE CENTRAL BANK COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL BORROWING COMMERCIAL CONTRACTS COMMERCIAL LOANS CORPORATE SECURITIES COUPON COUPON RATE COUPON RATES CREDIT ENHANCEMENT CREDIT MARKET CREDIT QUALITY CREDITOR CREDITOR CLAIMS CREDITWORTHINESS DEBT DEBT DATA DEBT INSTRUMENTS DEBT LEVELS DEBT MANAGEMENT DEBT MARKET DEBT MARKET PLAYERS DEBT OBLIGATION DEBT OBLIGATIONS DEBT RECOVERY DEBT RESTRUCTURING DEBT SERVICE DEBT SERVICE CAPABILITIES DEBT SERVICING DEBT-SERVICE DEBTS DEFAULT SITUATIONS DEFAULTS DEMAND FOR CREDIT DERIVATIVE DEVELOPMENT BANK DEVELOPMENT FINANCE DISCLOSURE GUIDELINES DISCLOSURE REQUIREMENTS DISCLOSURE STANDARDS DOMESTIC BANKS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKET DOMESTIC DEBT DOMESTIC DEBT MARKET ECONOMIC LIBERALIZATION ECONOMIC RISKS ENFORCEABILITY ESCROW EXCHANGE BOARD EXCHANGE COMMISSION EXCHANGE RATE EXPENDITURE EXPENDITURES FACE VALUE FINANCES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SYSTEM FIXED INTEREST FIXED INTEREST RATE FIXED INTEREST RATES FOREIGN BANKS FREE BOND FREE BONDS GENERAL OBLIGATION BONDS GOVERNMENT BORROWING GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT PAPER GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET GOVERNMENT SUPPORT GRANT FUNDING HOLDING HUMAN RESOURCES IMMOVABLE PROPERTY IMPLICIT GUARANTEES INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL INVESTORS INSURANCE CORPORATION INTEREST RATES INVESTMENT FUNDS INVESTMENT HORIZONS INVESTMENT REQUIREMENT ISSUANCE OF GUARANTEES LEGAL FRAMEWORK LEGAL JURISDICTIONS LEGAL SYSTEM LENDER LENDERS LENDING INSTRUMENTS LENDING REQUIREMENT LEVEL PLAYING FIELD LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANY LIQUIDITY LIVING STANDARDS LOAN LOAN APPLICATIONS LOAN APPROVAL LOAN DEFAULT LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE LONG-TERM DEBT LONG-TERM INVESTMENT MARKET ACCESS MARKET CAPITALIZATION MARKET DISCIPLINE MARKET FINANCE MARKET PARTICIPANTS MARKET SHARE MORAL HAZARD MORTGAGE MUNICIPAL BOND MUNICIPAL BOND ISSUES MUNICIPAL BOND MARKET MUNICIPAL BONDS MUNICIPAL BORROWER MUNICIPAL BORROWERS MUNICIPAL INVESTMENT MUNICIPAL LOAN MUNICIPAL LOANS MUNICIPAL SECURITIES PENSION PENSION FUND PHYSICAL ASSET POLITICAL STABILITY PORTFOLIO POTENTIAL INVESTORS PRIVATE BANKS PRIVATE PLACEMENT PUBLIC DEBT PUBLIC LENDING INSTITUTIONS PUBLIC SECTOR BANKS PUBLIC SECTOR BORROWING REFERENDA REGULATORY FRAMEWORK REGULATORY SYSTEM REPAYMENT RESERVE RESERVE BANK RESERVES REVOLVING FUNDS RIGHTS OF CREDITORS RISK PROFILE SECURITIES SECURITY INTEREST SECURITY INTERESTS SETTLEMENT SHAREHOLDER SHAREHOLDERS SINKING FUND SOFT LOANS SOVEREIGN LENDING STATE BANK STATE GOVERNMENT SECURITIES STATE GUARANTEE STATE GUARANTEES STOCK EXCHANGES SUB-NATIONAL BORROWING TAX TAX BENEFIT TAX BENEFITS TAX EXEMPTION TAX SYSTEM TAX TREATMENT TIMELY PAYMENTS TRADING TRANSACTION TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPARENCY TREASURY |
| spellingShingle |
ACCOUNTING ACCRUAL ACCOUNTING ASSET CLASSIFICATION ASSET VALUES AUCTION BAILOUT BAILOUTS BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK CREDIT BANK LENDING BANKING INSTITUTIONS BANKING SECTOR BANKRUPTCY BANKRUPTCY PROCEDURES BIDS BOND BOND INSTRUMENTS BOND ISSUANCE BOND ISSUANCES BOND ISSUE BOND ISSUES BOND MARKET BORROWER BORROWING CAPACITY BORROWING STRATEGIES BUDGET CONSTRAINTS BUDGETING CAPITAL GRANTS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS CASH FLOW CASH FLOWS CASH RESERVE CENTRAL BANK COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL BORROWING COMMERCIAL CONTRACTS COMMERCIAL LOANS CORPORATE SECURITIES COUPON COUPON RATE COUPON RATES CREDIT ENHANCEMENT CREDIT MARKET CREDIT QUALITY CREDITOR CREDITOR CLAIMS CREDITWORTHINESS DEBT DEBT DATA DEBT INSTRUMENTS DEBT LEVELS DEBT MANAGEMENT DEBT MARKET DEBT MARKET PLAYERS DEBT OBLIGATION DEBT OBLIGATIONS DEBT RECOVERY DEBT RESTRUCTURING DEBT SERVICE DEBT SERVICE CAPABILITIES DEBT SERVICING DEBT-SERVICE DEBTS DEFAULT SITUATIONS DEFAULTS DEMAND FOR CREDIT DERIVATIVE DEVELOPMENT BANK DEVELOPMENT FINANCE DISCLOSURE GUIDELINES DISCLOSURE REQUIREMENTS DISCLOSURE STANDARDS DOMESTIC BANKS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKET DOMESTIC DEBT DOMESTIC DEBT MARKET ECONOMIC LIBERALIZATION ECONOMIC RISKS ENFORCEABILITY ESCROW EXCHANGE BOARD EXCHANGE COMMISSION EXCHANGE RATE EXPENDITURE EXPENDITURES FACE VALUE FINANCES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SYSTEM FIXED INTEREST FIXED INTEREST RATE FIXED INTEREST RATES FOREIGN BANKS FREE BOND FREE BONDS GENERAL OBLIGATION BONDS GOVERNMENT BORROWING GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT PAPER GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET GOVERNMENT SUPPORT GRANT FUNDING HOLDING HUMAN RESOURCES IMMOVABLE PROPERTY IMPLICIT GUARANTEES INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL INVESTORS INSURANCE CORPORATION INTEREST RATES INVESTMENT FUNDS INVESTMENT HORIZONS INVESTMENT REQUIREMENT ISSUANCE OF GUARANTEES LEGAL FRAMEWORK LEGAL JURISDICTIONS LEGAL SYSTEM LENDER LENDERS LENDING INSTRUMENTS LENDING REQUIREMENT LEVEL PLAYING FIELD LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANY LIQUIDITY LIVING STANDARDS LOAN LOAN APPLICATIONS LOAN APPROVAL LOAN DEFAULT LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE LONG-TERM DEBT LONG-TERM INVESTMENT MARKET ACCESS MARKET CAPITALIZATION MARKET DISCIPLINE MARKET FINANCE MARKET PARTICIPANTS MARKET SHARE MORAL HAZARD MORTGAGE MUNICIPAL BOND MUNICIPAL BOND ISSUES MUNICIPAL BOND MARKET MUNICIPAL BONDS MUNICIPAL BORROWER MUNICIPAL BORROWERS MUNICIPAL INVESTMENT MUNICIPAL LOAN MUNICIPAL LOANS MUNICIPAL SECURITIES PENSION PENSION FUND PHYSICAL ASSET POLITICAL STABILITY PORTFOLIO POTENTIAL INVESTORS PRIVATE BANKS PRIVATE PLACEMENT PUBLIC DEBT PUBLIC LENDING INSTITUTIONS PUBLIC SECTOR BANKS PUBLIC SECTOR BORROWING REFERENDA REGULATORY FRAMEWORK REGULATORY SYSTEM REPAYMENT RESERVE RESERVE BANK RESERVES REVOLVING FUNDS RIGHTS OF CREDITORS RISK PROFILE SECURITIES SECURITY INTEREST SECURITY INTERESTS SETTLEMENT SHAREHOLDER SHAREHOLDERS SINKING FUND SOFT LOANS SOVEREIGN LENDING STATE BANK STATE GOVERNMENT SECURITIES STATE GUARANTEE STATE GUARANTEES STOCK EXCHANGES SUB-NATIONAL BORROWING TAX TAX BENEFIT TAX BENEFITS TAX EXEMPTION TAX SYSTEM TAX TREATMENT TIMELY PAYMENTS TRADING TRANSACTION TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPARENCY TREASURY World Bank Developing a Regulatory Framework for Municipal Borrowing in India |
| geographic_facet |
South Asia India |
| description |
This report provides an overview of the
municipal debt market as it exists and has evolved over the
past ten years. It provides an assessment of trends and
patterns from both bank and bond sources covering all types
of municipal governments. The overall objective of the work
is to assess the regulatory environment pertaining to
municipal borrowing in the country and to generate
recommendations to improve this in a manner which expands
municipal access to private debt finance while ensuring that
risk is appropriately allocated and properly priced. More
particularly, this report: 1) outlines the need and
rationale for expanding access to credit finance on part of
municipalities in India; 2) provides an overview of the
existing municipal debt market; 3) provides an overview of
the chief characteristics of the regulatory environment
pertaining to municipal borrowing in India, places the
existing regulatory system in international context, and
outlines a suggested overall direction for reform; and 4)
provides specific recommendations to improve the regulatory
regimes over which the state and union governments have
respective control. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Developing a Regulatory Framework for Municipal Borrowing in India |
| title_short |
Developing a Regulatory Framework for Municipal Borrowing in India |
| title_full |
Developing a Regulatory Framework for Municipal Borrowing in India |
| title_fullStr |
Developing a Regulatory Framework for Municipal Borrowing in India |
| title_full_unstemmed |
Developing a Regulatory Framework for Municipal Borrowing in India |
| title_sort |
developing a regulatory framework for municipal borrowing in india |
| publisher |
World Bank, New Delhi |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/132101468281673152/Main-report http://hdl.handle.net/10986/26863 |
| _version_ |
1764462924948045824 |
| spelling |
okr-10986-268632021-04-23T14:04:38Z Developing a Regulatory Framework for Municipal Borrowing in India World Bank ACCOUNTING ACCRUAL ACCOUNTING ASSET CLASSIFICATION ASSET VALUES AUCTION BAILOUT BAILOUTS BALANCE SHEET BALANCE SHEETS BANK ACCOUNTS BANK CREDIT BANK LENDING BANKING INSTITUTIONS BANKING SECTOR BANKRUPTCY BANKRUPTCY PROCEDURES BIDS BOND BOND INSTRUMENTS BOND ISSUANCE BOND ISSUANCES BOND ISSUE BOND ISSUES BOND MARKET BORROWER BORROWING CAPACITY BORROWING STRATEGIES BUDGET CONSTRAINTS BUDGETING CAPITAL GRANTS CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL MARKET CAPITAL MARKETS CASH FLOW CASH FLOWS CASH RESERVE CENTRAL BANK COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL BORROWING COMMERCIAL CONTRACTS COMMERCIAL LOANS CORPORATE SECURITIES COUPON COUPON RATE COUPON RATES CREDIT ENHANCEMENT CREDIT MARKET CREDIT QUALITY CREDITOR CREDITOR CLAIMS CREDITWORTHINESS DEBT DEBT DATA DEBT INSTRUMENTS DEBT LEVELS DEBT MANAGEMENT DEBT MARKET DEBT MARKET PLAYERS DEBT OBLIGATION DEBT OBLIGATIONS DEBT RECOVERY DEBT RESTRUCTURING DEBT SERVICE DEBT SERVICE CAPABILITIES DEBT SERVICING DEBT-SERVICE DEBTS DEFAULT SITUATIONS DEFAULTS DEMAND FOR CREDIT DERIVATIVE DEVELOPMENT BANK DEVELOPMENT FINANCE DISCLOSURE GUIDELINES DISCLOSURE REQUIREMENTS DISCLOSURE STANDARDS DOMESTIC BANKS DOMESTIC CAPITAL DOMESTIC CAPITAL MARKET DOMESTIC DEBT DOMESTIC DEBT MARKET ECONOMIC LIBERALIZATION ECONOMIC RISKS ENFORCEABILITY ESCROW EXCHANGE BOARD EXCHANGE COMMISSION EXCHANGE RATE EXPENDITURE EXPENDITURES FACE VALUE FINANCES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SYSTEM FIXED INTEREST FIXED INTEREST RATE FIXED INTEREST RATES FOREIGN BANKS FREE BOND FREE BONDS GENERAL OBLIGATION BONDS GOVERNMENT BORROWING GOVERNMENT GUARANTEE GOVERNMENT GUARANTEES GOVERNMENT PAPER GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET GOVERNMENT SUPPORT GRANT FUNDING HOLDING HUMAN RESOURCES IMMOVABLE PROPERTY IMPLICIT GUARANTEES INDEBTEDNESS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL INVESTORS INSURANCE CORPORATION INTEREST RATES INVESTMENT FUNDS INVESTMENT HORIZONS INVESTMENT REQUIREMENT ISSUANCE OF GUARANTEES LEGAL FRAMEWORK LEGAL JURISDICTIONS LEGAL SYSTEM LENDER LENDERS LENDING INSTRUMENTS LENDING REQUIREMENT LEVEL PLAYING FIELD LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANY LIQUIDITY LIVING STANDARDS LOAN LOAN APPLICATIONS LOAN APPROVAL LOAN DEFAULT LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE LONG-TERM DEBT LONG-TERM INVESTMENT MARKET ACCESS MARKET CAPITALIZATION MARKET DISCIPLINE MARKET FINANCE MARKET PARTICIPANTS MARKET SHARE MORAL HAZARD MORTGAGE MUNICIPAL BOND MUNICIPAL BOND ISSUES MUNICIPAL BOND MARKET MUNICIPAL BONDS MUNICIPAL BORROWER MUNICIPAL BORROWERS MUNICIPAL INVESTMENT MUNICIPAL LOAN MUNICIPAL LOANS MUNICIPAL SECURITIES PENSION PENSION FUND PHYSICAL ASSET POLITICAL STABILITY PORTFOLIO POTENTIAL INVESTORS PRIVATE BANKS PRIVATE PLACEMENT PUBLIC DEBT PUBLIC LENDING INSTITUTIONS PUBLIC SECTOR BANKS PUBLIC SECTOR BORROWING REFERENDA REGULATORY FRAMEWORK REGULATORY SYSTEM REPAYMENT RESERVE RESERVE BANK RESERVES REVOLVING FUNDS RIGHTS OF CREDITORS RISK PROFILE SECURITIES SECURITY INTEREST SECURITY INTERESTS SETTLEMENT SHAREHOLDER SHAREHOLDERS SINKING FUND SOFT LOANS SOVEREIGN LENDING STATE BANK STATE GOVERNMENT SECURITIES STATE GUARANTEE STATE GUARANTEES STOCK EXCHANGES SUB-NATIONAL BORROWING TAX TAX BENEFIT TAX BENEFITS TAX EXEMPTION TAX SYSTEM TAX TREATMENT TIMELY PAYMENTS TRADING TRANSACTION TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPARENCY TREASURY This report provides an overview of the municipal debt market as it exists and has evolved over the past ten years. It provides an assessment of trends and patterns from both bank and bond sources covering all types of municipal governments. The overall objective of the work is to assess the regulatory environment pertaining to municipal borrowing in the country and to generate recommendations to improve this in a manner which expands municipal access to private debt finance while ensuring that risk is appropriately allocated and properly priced. More particularly, this report: 1) outlines the need and rationale for expanding access to credit finance on part of municipalities in India; 2) provides an overview of the existing municipal debt market; 3) provides an overview of the chief characteristics of the regulatory environment pertaining to municipal borrowing in India, places the existing regulatory system in international context, and outlines a suggested overall direction for reform; and 4) provides specific recommendations to improve the regulatory regimes over which the state and union governments have respective control. 2017-06-02T19:36:26Z 2017-06-02T19:36:26Z 2011-09 Report http://documents.worldbank.org/curated/en/132101468281673152/Main-report http://hdl.handle.net/10986/26863 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, New Delhi Economic & Sector Work :: Other Public Sector Study Economic & Sector Work South Asia India |