Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis

The objective of this document is to lay out the options and considerations in the design of facilities to provide emergency financial support to water utilities in response to the COVID-19 pandemic. It builds on the experiences of previous financi...

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Main Author:	World Bank
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	CORONAVIRUS COVID-19 PANDEMIC RESPONSE WATER UTILITIES FINANCIAL SUPPORT DISBURSEMENT MODALITY LOAN TERMS GUARANTEES
Online Access:	http://documents.worldbank.org/curated/en/695111593333338218/Considerations-for-Financial-Facilities-to-Support-Water-Utilities-in-the-COVID-19-Crisis http://hdl.handle.net/10986/34043

id	okr-10986-34043
recordtype	oai_dc
spelling	okr-10986-340432021-05-25T09:57:01Z Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis World Bank CORONAVIRUS COVID-19 PANDEMIC RESPONSE WATER UTILITIES FINANCIAL SUPPORT DISBURSEMENT MODALITY LOAN TERMS GUARANTEES The objective of this document is to lay out the options and considerations in the design of facilities to provide emergency financial support to water utilities in response to the COVID-19 pandemic. It builds on the experiences of previous financial crises (such as the global financial crisis of 2007–08 and the Asian Financial Crisis of 1997), including their impact and responses to them. Its main audience is government policy makers trying to develop financial responses to ensure utilities continue to function during the crisis, as well as the World Bank country teams and Task Team Leaders assisting them. The type of facility described in this document may be based on an existing one or related mechanisms (fiscal transfers, guarantees, subsidy programs, or others), or it could be the kernel of a new institution or financing instrument that may continue to have a role in sector financing after the crisis. Considering this, the paper recognizes that there will likely be a need to consider new external borrowing in the context of ensuring macroeconomic and fiscal stability. Many emerging markets were already showing signs of over-indebtedness before the COVID-19 crisis and the costs associated with the pandemic will only increase the demand for resources, including public debt. Macro-economic stability must be anchored on sustainable paths of public and external debt, and countries will need to consider this in coordination with ongoing initiatives by the Group of Twenty (G20), the International Monetary Fund (IMF), and others to ensure debt sustainability and transparency. 2020-07-07T21:02:21Z 2020-07-07T21:02:21Z 2020-06-17 Working Paper http://documents.worldbank.org/curated/en/695111593333338218/Considerations-for-Financial-Facilities-to-Support-Water-Utilities-in-the-COVID-19-Crisis http://hdl.handle.net/10986/34043 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CORONAVIRUS COVID-19 PANDEMIC RESPONSE WATER UTILITIES FINANCIAL SUPPORT DISBURSEMENT MODALITY LOAN TERMS GUARANTEES
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC RESPONSE WATER UTILITIES FINANCIAL SUPPORT DISBURSEMENT MODALITY LOAN TERMS GUARANTEES World Bank Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis
description	The objective of this document is to lay out the options and considerations in the design of facilities to provide emergency financial support to water utilities in response to the COVID-19 pandemic. It builds on the experiences of previous financial crises (such as the global financial crisis of 2007–08 and the Asian Financial Crisis of 1997), including their impact and responses to them. Its main audience is government policy makers trying to develop financial responses to ensure utilities continue to function during the crisis, as well as the World Bank country teams and Task Team Leaders assisting them. The type of facility described in this document may be based on an existing one or related mechanisms (fiscal transfers, guarantees, subsidy programs, or others), or it could be the kernel of a new institution or financing instrument that may continue to have a role in sector financing after the crisis. Considering this, the paper recognizes that there will likely be a need to consider new external borrowing in the context of ensuring macroeconomic and fiscal stability. Many emerging markets were already showing signs of over-indebtedness before the COVID-19 crisis and the costs associated with the pandemic will only increase the demand for resources, including public debt. Macro-economic stability must be anchored on sustainable paths of public and external debt, and countries will need to consider this in coordination with ongoing initiatives by the Group of Twenty (G20), the International Monetary Fund (IMF), and others to ensure debt sustainability and transparency.
format	Working Paper
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis
title_short	Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis
title_full	Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis
title_fullStr	Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis
title_full_unstemmed	Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis
title_sort	considerations for financial facilities to support water utilities in the covid-19 crisis
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/695111593333338218/Considerations-for-Financial-Facilities-to-Support-Water-Utilities-in-the-COVID-19-Crisis http://hdl.handle.net/10986/34043
_version_	1764480063052447744

Considerations for Financial Facilities to Support Water Utilities in the COVID-19 Crisis

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