The World Bank provides various types of guarantees to mobilize private financing for development projects. These guarantees include partial risk guarantees, partial credit guarantees, and policy-based guarantees. Partial risk guarantees cover private lenders against specific political and regulatory risks, while partial credit guarantees cover risks over a portion of loan repayments to extend maturities. As of 2005, World Bank guarantees had catalyzed $12 billion in private investment and focused on infrastructure projects in developing countries. The guarantees help governments and the private sector access more affordable financing.
2011 and 2012 are two years of uneven recovery. What would the future hold for Project finance in MENA and EMEA remains largely an open question. Is there a war for capital? may be with caution. The presentation focuses on current PF market, explains the past and highlights some of the issues that will be encountered in the near future. Has the PPP model of long term loans secured by income stream from underlying assets been broken? The answer is a likely YES. Are there alternatives, the answer is a Definite YES.
This research paper work was presented in National Level Management Conference Presentation on Brindavan College . The paper and presentation both appreciated as best research and presentation by jury panel headed by seasoned Banking Executives
HMS Group presentation, Morgan Stanley EMEA Conference (April 2011)HMS Group
This presentation was created to present HMS Group at one-on-one meetings with investors within Morgan Stanley EMEA Conference (12-14 April 2011, London & New-York).
2011 and 2012 are two years of uneven recovery. What would the future hold for Project finance in MENA and EMEA remains largely an open question. Is there a war for capital? may be with caution. The presentation focuses on current PF market, explains the past and highlights some of the issues that will be encountered in the near future. Has the PPP model of long term loans secured by income stream from underlying assets been broken? The answer is a likely YES. Are there alternatives, the answer is a Definite YES.
This research paper work was presented in National Level Management Conference Presentation on Brindavan College . The paper and presentation both appreciated as best research and presentation by jury panel headed by seasoned Banking Executives
HMS Group presentation, Morgan Stanley EMEA Conference (April 2011)HMS Group
This presentation was created to present HMS Group at one-on-one meetings with investors within Morgan Stanley EMEA Conference (12-14 April 2011, London & New-York).
Risk Management at Wellfleet Bank: All That Glitters Is Not GoldHira Naz
Case Study Solution: Gatwick Gold Corporation
Case Study Solution: Gatwick Gold Corporation
Risk Management at Wellfleet Bank: All That Glitters Is Not Gold
Advanced Financial Risk Management
Institute of Business Management
Euro Dissolution Panel Discussion: Giving Treasury the Tools to Take the LeadHedgeTrackers
Panel Discussion was presented at Peninsula Treasury Management Association Monthly Luncheon. The following presented: Helen Kane, President, Hedge Trackers; Laura Langone, Director Global Risk Management, Juniper Networks; Guillermo Gualino, Assistant Treasurer, Agilent Technologies; Tamara Anthony, Director of Treasury, Lam Research.
They discussed the risk factors and the due diligence performed by your treasury peers to address the possibility of one or multiple countries defecting from the Euro. All areas of treasury are contemplated including operational cash management, currency hedge programs, counter-party risk and enterprise risk. We will also discuss how other treasury groups and peer organizations are raising awareness, how best to educate senior management and how to identify potential tax and legal implications.
Risk Management at Wellfleet Bank: All That Glitters Is Not GoldHira Naz
Case Study Solution: Gatwick Gold Corporation
Case Study Solution: Gatwick Gold Corporation
Risk Management at Wellfleet Bank: All That Glitters Is Not Gold
Advanced Financial Risk Management
Institute of Business Management
Euro Dissolution Panel Discussion: Giving Treasury the Tools to Take the LeadHedgeTrackers
Panel Discussion was presented at Peninsula Treasury Management Association Monthly Luncheon. The following presented: Helen Kane, President, Hedge Trackers; Laura Langone, Director Global Risk Management, Juniper Networks; Guillermo Gualino, Assistant Treasurer, Agilent Technologies; Tamara Anthony, Director of Treasury, Lam Research.
They discussed the risk factors and the due diligence performed by your treasury peers to address the possibility of one or multiple countries defecting from the Euro. All areas of treasury are contemplated including operational cash management, currency hedge programs, counter-party risk and enterprise risk. We will also discuss how other treasury groups and peer organizations are raising awareness, how best to educate senior management and how to identify potential tax and legal implications.
Adrian Blundell-Wignall, OECD: "An optimal bank structure?"Global Utmaning
A presentation held by PhD Stefano Pagliari, Departement of International Politics, City University London, at the high level seminar "Towards a sustainable financial system", hosted by the Stockholm based think tank Global Challenge in cooperation with London School of Economics and Swedish House of Finance on September 12th 2013.
Heading into 2020, The Risk Management Association is focusing on eight risks. Learn about the top risks the financial services industry faces and how you can address them.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
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@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
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Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
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How can i find a pi vendor/merchant?
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The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
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1. The World Bank Guarantees:
Overview and Key Features
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 1
2. WORLD BANK GUARANTEES: Key Features
IBRD/IDA balance sheet
Available to all countries eligible for borrowing from IBRD or IDA
Bank Guarantees back government obligations
Guarantees cover private debt against a government’s (or government
entity’s) failure to meet specific obligations to a private or public
project.
Mobilize private sector participation and help catalyze debt with
extended maturities and lower financing costs
Flexibility – structured to meet borrower and project requirement
An integral part of Country Assistance Strategy
Counterguarantee from Member Country
– Bank Articles requirement
– Indicates project priority for Government and Bank
Benefits from the ongoing sector and country engagement of the Bank
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 2
3. Benefits of World Bank Guarantees
For governments…
Catalyzes private financing for key sectors such as infrastructure
Provides access to capital markets as well as commercial banks
Reduces cost of private financing to affordable levels
Facilitates privatizations and public private partnerships
Reduces government risk exposure by passing commercial risk to
the private sector
Encourages cofinancing
For the private sector…
Reduces risk of private transactions in emerging countries
Mitigates risks that the private sector does not control
Opens new markets
Improves project sustainability
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 3
4. Overview of the World Bank Guarantees Program
Approved Operations:
28 guarantees approved for 26 projects
Private capital catalyzed in the last 8 years: US$ 12 billion
2 PBGs, 8 PCGs, 18 PRGs; total exposure as of May 2005: US$ 1.4 billion
Total amount of guarantees approved: US$ 2.9 billion dollars
In FISCAL YEAR 2005:
COUNTRY PROJECT
West Africa West African Gas Pipeline
Uganda Distribution Privatization Project (supported by an IDA credit)
Romania Power Sector Distribution Project
Peru Guarantee Facility
Senegal Kounoune Power
Lao PDR Nam Theun 2 Power
Sierra Leone Bumbuna Hydropower (To be considered on June 16th)
Future Operations: 26 transactions in pipeline; 58% in Africa; infrastructure
focus.
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 4
5. Bank Guarantees: Financial Management Principles
Bank Guarantees are managed as part of the IBRD and IDA portfolio of
loans and credits.
CAS envelope is increased by 75% of face value of guarantee
commitments for investment projects for both IBRD (< 20% of CAS
envelope & SBL) and IDA countries.
Country Risk is managed at the Lending Program level, similar to IBRD
loans and IDA credits.
IBRD provisioning policies for loans govern IBRD guarantees.
IDA provisioning policies govern IDA guarantees (currently, no
provisioning policy is applicable for IDA credits or guarantees).
IBRD maintains sufficient liquidity to meet any potential disbursements.
IDA maintains liquidity of 50% of cumulative callable amounts.
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 5
6. Types of Guarantees
Partial Risk Guarantees (PRGs) –in support of private projects:
– Cover debt amounts against specific risks
Partial Credit Guarantees (PCGs)- in support of public projects:
– Cover part of bond/loan repayments against all risks
Policy Based Guarantees (PBGs) – in support of development
policy operations:
– Cover part of bond/loan repayments against all risks
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 6
7. Partial Risk Guarantees (PRGs): Key Features
Cover private lenders against the risk of a public entity failing to
perform its obligations with respect to a private project.
PRG reinforces obligations of the Government – does not add to them.
Structured to provide minimum coverage necessary to mobilize
private financing
The World Bank also offers enclave guarantees which are PRGs
structured for export oriented foreign exchange generating
commercial projects in IDA-only countries.
A flexible instrument – various structures available
New developments:
– Letter of Credit Structure for Greenfield projects
– Privatization Guarantees
– Guarantee Facilities
– Local Currency Guarantees
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 7
8. PRGs help access finance at sustainable terms
Debt Maturity Interest Spread1
Vietnam 5 5%
(P. Risk) 16 2%
Bangladesh 1 3%
(P. Risk) 14 2%
1 3%
Cote d’Ivoire
(P. Risk) 12 2.75%
0 N/A
Lao PDR
(P. Risk) 16.5 2.25 %
without Guarantee with Guarantee
1
Spreads at the time of the guarantee issuance
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 8
9. Partial Credit Guarantees (PCGs): Key Features
Cover private lenders against all risks during a specific period of the
financing term of debt for a public investment
Specially designed to extend maturity and improve market terms
Lengthen the maturity of the private debt financing beyond that
available in private markets by covering a part of the scheduled
repayments of private loans or bonds against all risks
PCGs are flexible, allowing different structures for meeting different
client needs, such as:
– Bullet guarantee
– Latter maturities
– Rolling non-reinstatable
– Amortizing syndicated loan
At present, partial credit guarantees are available only for countries
eligible for loans from IBRD.
No overlap with MIGA or IFC instruments
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 9
10. PCGs help access finance at sustainable terms
Debt Maturity Interest Spread
Colombia 5 6.5%
(P. Credit)
10 5%
Thailand 0 8.5%
(P. Credit) 10 2.9%
Lebanon 5 3%
(P. Credit) 10
1%
Jordan 2 3%
(P. Credit) 7 1%
Philippines 7 3%
(P. Credit)
15 2.5%
1
Spreads at the time of the guarantee issuance without Guarantee with Guarantee
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 10
11. Policy Based Guarantees (PBGs): Key Features
An extension of partial credit guarantees beyond investment
projects to adjustment / sector programs
Facilitates sovereign borrowings in support of structural and social
policy reforms
Alternative/Complement to a Development Policy Loan
Acceptable forms of PBGs
– Bullet guarantee
– Partial guarantees of payments
– Latter maturities
– Rolling Non reinstatable
No overlap with MIGA or IFC instruments
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 11
12. Guiding Principles on Deployment of Risk Mitigation Instruments
PRGs can be considered in the following situations:
– Sectors in early stages of reform
– Larger size/riskier operations
– Operations highly dependent on support/undertakings of
governments
– Clout of the Bank needed
Joint transactions
Coordination
Risk Mitigation: Review of World Bank Group Guarantees. Board Technical Briefing. June 16 2005. 12