PPIAF - Creditworthiness by Joshua Gallo at GIB Summit

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Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014. Read more at www.gib-foundation.org.
Next Summit: 27 & 28 May 2015 in Switzerland

Published in: Economy & Finance, Business
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PPIAF - Creditworthiness by Joshua Gallo at GIB Summit

  1. 1. CityCreditworthinessAcademy The Case for City Creditworthiness 4%in international markets <20%in domestic markets Of the 500 largest cities in developing countries, only a small percentage are deemed creditworthy Enhance creditworthiness to enable direct access to capital markets $1.3 tn/year Financing Needed Capital Markets Seeking Long Term, Creditworthy Investments
  2. 2. CityCreditworthinessAcademy Performance-Based Concessional Financing Small/Pilot PPP Project Hybrid Financing Small Commercial Financing Medium Term Maturity (1-3 yrs) Larger PPP Project Larger Market-Based Loan w/Credit Enhancements Pooled Bond Investment Grade CREDITWORTHINESS Full Access to Domestic/Regional Capital Markets The Road To Creditworthiness Is Paved with Good Transactions National Level: City Level: Private Sector: Parallel Levels of Action Regulatory Framework Supply-side Engagement Performance Improvements Pilot Transactions for Replication at City/Country/Regional Levels
  3. 3. TheLowCarbonLivableCitiesInitiative Objective The City Creditworthiness Initiative Help 300 cities become creditworthy and structure creditworthy financing transactions for infrastructure leading to low carbon and climate resilient development. The initiative will also address the enabling environment for creditworthy city financing. 3 AFR Creditworthiness Academies 5 SAR/EAP Creditworthiness Academies 1 LAC Creditworthiness Academy 2 ECA/MNA Creditworthiness Academies • Creditworthiness Improvement Assistance • Support for Creditworthy Financing Transactions 5-Year Programs City Creditworthiness Academies City Creditworthiness Action Plans City Creditworthiness Programs Climate Smart Investments 300 City Creditworthiness Action Plans ( ~ 5 cities per country) Climate Smart Investments
  4. 4. CityCreditworthinessAcademy Partnering with the City Creditworthiness Initiative Identify cities to participate Support for Academies Support for Action Planning Creditworthiness improvement assistance Support for creditworthy transactions City Creditworthiness Academies City Creditworthiness Action Plans City Creditworthiness Programs Climate Smart Investments
  5. 5. CityCreditworthinessAcademy Thank you! https://collaboration.worldbank.org/groups/city-credit-worthiness Join Our Online Community of Practice on Municipal Finance:

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