Resource financed infrastructure : a discussion on a new form of infrastructure financing / Havard Halland, John Bearsdworth, Bryan Land, James Schmidt ; with comments by Paul Collier [and four others].

In recent decades, resource-rich developing countries have been using their natural resources as collateral to access sources of finance for investment, countervailing the barriers they face when accessing conventional bank lending and capital markets. One of the financing models that have emerged a...

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Bibliographic Details
Other Authors: Halland, Håvard, Beardsworth, John, Land, Bryan C., Schmidt, James A.
Format: eBook
Language:English
Published: Washington, DC : World Bank Publications, 2014.
Series:World Bank studies.
Subjects:
Online Access:Click for online access

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245 0 0 |a Resource financed infrastructure :  |b a discussion on a new form of infrastructure financing /  |c Havard Halland, John Bearsdworth, Bryan Land, James Schmidt ; with comments by Paul Collier [and four others]. 
264 1 |a Washington, DC :  |b World Bank Publications,  |c 2014. 
300 |a 1 online resource (xv, 89 pages) :  |b illustrations (some color) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a World Bank Studies 
504 |a Includes bibliographical references. 
588 0 |a Print version record. 
505 0 |a 1. Introduction -- 2. The origins of the resource financed infrastructure model -- 3. Resource. Financed. Infrastructure. -- 4. Early experience with resource financed infrastructure transactions -- 5. Financial issues -- 6. Structural issues -- 7. Operational issues -- 8. Conclusions. 
520 3 |a In recent decades, resource-rich developing countries have been using their natural resources as collateral to access sources of finance for investment, countervailing the barriers they face when accessing conventional bank lending and capital markets. One of the financing models that have emerged as a result is the Resource Financed Infrastructure (RFI) model, a derivation of previous oil-backed lending models pioneered by several Western banks in Africa. Under a Resource Financed Infrastructure (RFI) arrangement, a loan for current infrastructure construction is securitized against the net present value of a future revenue stream from oil or mineral extraction. The model has been applied in several African countries, for a cumulative contract value of approximately  |3 0 billion, according to publically available sources. This report, consisting of a study prepared by global project finance specialists Hunton & Williams LLP and comments from six internationally reputed economists and policy makers, provides an analytical discussion of resource-financed infrastructure (RFI) contracting from a project finance perspective. The report is meant as a forum for in-depth discussion and as a basis for further research into RFI?s role, risks, and potential, without any intention to present a World Bank?supported view on RFI contracting. It is motivated by the conviction that if countries are to continue to either seek RFI or receive unsolicited RFI proposals, there is an onus on public officials to discern bad deals from good, to judge unavoidable trade-offs, and to act accordingly. The report aims to provide a basis for developing insights on how RFI deals can be made subject to the same degree of public policy scrutiny as any other instrument through which a government of a low- or lower-middle-income country might seek to mobilize development finance. 
546 |a English. 
650 0 |a Infrastructure (Economics) 
650 7 |a BUSINESS & ECONOMICS  |x Finance.  |2 bisacsh 
650 7 |a Infrastructure (Economics)  |2 fast 
700 1 |a Halland, Håvard.  |1 https://id.oclc.org/worldcat/entity/E39PCjv7RWdXHhrxRwvgHHBwYP 
700 1 |a Beardsworth, John.  |1 https://id.oclc.org/worldcat/entity/E39PCjJKF8jC6BmD4VcBPtk4FX 
700 1 |a Land, Bryan C.  |1 https://id.oclc.org/worldcat/entity/E39PCjyywWqRG6QKpdk3q4X9Tb 
700 1 |a Schmidt, James A. 
758 |i has work:  |a Resource financed infrastructure (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGyt63pK3wwjMjDdvhXrv3  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Halland, Havard.  |t Resource Financed Infrastructure.  |d World Bank Publications 2014  |z 9781464802393 
830 0 |a World Bank studies. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1707276  |y Click for online access 
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