Meeting the Infrastructure Challenge in Latin America and the Caribbean

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World Bank Publications, 1995 - Banks and Banking Reform - 55 pages
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Foreign Investment Advisory Service Occasional Paper No. 5. Draws on a World Bank database to create a compilation of privatization transactions worldwide and shows how such actions lead to increased levels of foreign investment. The World Bank maintains a global privatization database which records privatization transactions that have taken place in developing countries since 1988. Privatization is defined as the complete or partial transfer of control over publicly owned assets to the private sector in exchange for a payment. This study draws on the database to create a compilation of transactions worldwide and shows how such actions lead to increased levels of foreign investment. It examines the transactions by sectoral distribution, foreign participation, and technique. Also available in French: (ISBN 0-8213-3555-3) Stock No. 13555.

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Page 56 - Corporation shall: (i) in association with private investors, assist in financing the establishment, improvement and expansion of productive private enterprises which would contribute to the development of its member countries by making investments, without guarantee of repayment by the member government concerned...
Page 31 - When the member in whose territories the project is located is not itself the borrower, the member or the central bank or some comparable agency of the member which is acceptable to the Bank, fully guarantees the repayment of the principal and the payment of interest jand other charges on the loan.
Page 31 - The Bank may guarantee, participate in, or make loans to any member or any political sub-division and any business, industrial, and agricultural enterprise in the territories of a member...
Page 54 - Loans (a^ In the case of loans or guarantees of loans to nongovernmental entities, the Bank may, when it deems it advisable, require that the member in whose territory the project is to be carried out, or a public institution or a similar agency of the member acceptable to the Bank, guarantee the repayment of the principal and the payment of interest and other charges on the loan.
Page 4 - The International Development Association (IDA), The International Finance Corporation, (IFC), The Multilateral Investment Guarantee Agency, (MIGA), The International...
Page 20 - Subsidising the price of electricity has both economic costs and environmental effects. Low prices give rise to excessive demands and, by undermining the revenue base, reduce the ability of utilities to provide and maintain supplies; developing countries use about 20 per cent more electricity than they would if consumers paid the true marginal cost of supply.
Page 26 - The system's funding does not rely on government budgetary appropriations but rather on bonds, recycling of its loans and foreign credits from bilateral and multilateral sources (Garzon, 1991; World Bank, 1994; p.
Page 27 - Phone line capacity doubled, and the 23 percent annual growth rate was one of the highest in the world. At the same time, the...
Page 4 - The higher levels of infrastructure investment should be paralleled by the systematic development of domestic capital markets to increase the volume and improve the terms of domestic savings for financing infrastructure.
Page 55 - International Finance Corporation The IFC is part of the World Bank Group but is separate and distinct from the World Bank proper.

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