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Lessons for the urban centu...
The world's urban population doubled between 1970 and 2008, growing from 1.5 billion to 3 billion people. Future world population growth will be concentrated in developing countries--the majority in medium-size and smaller cities and towns. International institutions and governments alike face the challenge of efficiently financing the massive investment in infrastructure required to support this urban growth. The Urban Infrastructure Fund (UIF) is a tool designed to meet this need. Responsibility for subproject oversight, credit assessment, financial management reform, and other critical tasks is delegated to the UIF, rather than performed directly by an institution like the World Bank. Lessons from the Urban Century examines the track record of the UIFs and what can be learned from almost 30 years experience in implementation. The authors find that, on balance, UIFs have performed well. Paradoxically, their use has declined as demand for decentralized financing has escalated. The book considers the reasons for this decline and recommends its reversal. One of the virtues of UIFs has been their flexibility. They can be adapted to incorporate alternative types of performance incentives they can finance subprojects through grants, credits, or a blend of the two to adapt to each country's intergovernmental finance system and financial markets. The authors examine a variety of UIF designs and their performance in different contexts. This book will be of interest to governments, international organizations, financial businesses, urban development strategists, academic researchers, and others focused on financing critical infrastructure projects for secondary cities and towns
Monografía
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Peterson Washington, D.C. World Bank ©2008 Washington, D.C. Washington, D.C. World Bank 1 online resource (xxvi, 92 pages) illustrations, map 1 online resource (xxvi, 92 pages) Text txt rdacontent computer c rdamedia online resource cr rdacarrier Directions in development. Infrastructure Includes bibliographical references (pages 85-87) and index Chapter 1) Introduction and Objective 1 --) The Role of Demographics 2 --) The Role of Decentralization 5 --) The Role of Financial Liberalization 6 --) Objective of this Review of Experience 7 --) Chapter 2) Trends and Structure of Urban Infrastructure Funds (UIFs) 9 --) Composition of UIFs by Sector Board over Time 10 --) Long-Term Trends in the Volume of UIF Lending 11 --) Chapter 3) Performance of UIFs 17 --) Chapter 4) UIF Design: Options for Intermediation Strategy 21 --) Chapter 5) Learning from Experience in Project Design 31 --) Transplanting the Line of Credit Model in Sub-Saharan Africa 31 --) South Asia: Adapting the Credit Model 36 --) Rethinking Support for Local Infrastructure Investment: Municipal Grants and Social Funds 37 --) Supporting Municipal Infrastructure Investment in Centralized Systems 43 --) Commercial Banks and the Development of Sustainable Municipal Credit Systems 46 --) Chapter 6) Agenda for Future Work 51 --) Appendix 1) Methodology for Selecting and Identifying Urban Infrastructure Funds Financed by the World Bank 69 --) Appendix 3) List of Currencies Available for Swaps from IBRD Loans as of January 3, 2008 83 --) 4.1) A Model of Market-Oriented Reform: Credit Local de France 24 --) 6.1) Monitoring Municipal Financial Market Development: The Czech Republic 58 --) 1.1) Urban versus Rural Population Growth Worldwide through 2030 3 --) 1.2) World Urban Population Growth through 2030: Low- and Middle-Income versus High-Income Countries 3 --) 1.3) Distribution of World Urban Population Growth through 2015 by City Size 4 --) 1.4) Selected Mega Cities' Growth Rates through 2010 5 --) 2.1) UIF Commitments by Region and Sector Board 10 --) 2.2) UIF Commitments by Country 10 --) 2.3) Annual UIF Commitments by Sector Board 11 --) 2.4) Trends in Total Urban Infrastructure Fund Lending-Annual Averages 11 --) 2.5) Trends in Annual Average Urban Infrastructure Fund Lending by Infrastructure and Non-infrastructure Sector Boards 12 --) 2.6) Trends in Annual Average Project Size 13 --) 2.7) UIF Lending Projects 14 --) 2.8) UIF Grant Projects 14 --) 3.1) Outcome Ratings for UIFs 18 --) 3.2) Selected Outcome Ratings for UIFs by Sector Board 18 --) 3.3) Disbursements as a Percentage of Commitments for UIFs 19 --) 3.4) Loan Recoveries in UIFs: Reporting and Repayment Rates by Institutional Arrangement 20 --) 4.1) Loan Financing versus Grant Financing of Subprojects by Sector Board 27 --) 4.2) Development Objective: Development of Municipal Credit Market by Sector Board 28 --) 4.3) Development Objective: Development of Municipal Credit Market over Time 28 --) A1.1) World Bank Project Approvals: FY1971-FY2006 70 --) 1.1) UIFs by Region 7 --) 4.1) Financial Intermediation versus Poverty-Oriented Grants 27 --) 5.1) Municipal On-Lending Projects in Sub-Saharan Africa 33 --) 5.2) Municipal Grants and Infrastructure Programs 40 --) A1.1) UIF Projects by Region 72.) The world's urban population doubled between 1970 and 2008, growing from 1.5 billion to 3 billion people. Future world population growth will be concentrated in developing countries--the majority in medium-size and smaller cities and towns. International institutions and governments alike face the challenge of efficiently financing the massive investment in infrastructure required to support this urban growth. The Urban Infrastructure Fund (UIF) is a tool designed to meet this need. Responsibility for subproject oversight, credit assessment, financial management reform, and other critical tasks is delegated to the UIF, rather than performed directly by an institution like the World Bank. Lessons from the Urban Century examines the track record of the UIFs and what can be learned from almost 30 years experience in implementation. The authors find that, on balance, UIFs have performed well. Paradoxically, their use has declined as demand for decentralized financing has escalated. The book considers the reasons for this decline and recommends its reversal. One of the virtues of UIFs has been their flexibility. They can be adapted to incorporate alternative types of performance incentives they can finance subprojects through grants, credits, or a blend of the two to adapt to each country's intergovernmental finance system and financial markets. The authors examine a variety of UIF designs and their performance in different contexts. This book will be of interest to governments, international organizations, financial businesses, urban development strategists, academic researchers, and others focused on financing critical infrastructure projects for secondary cities and towns English Banco Internacional de Reconstrucción y Fomento Banco Internacional de Reconstrucción y Fomento Banco Internacional de Reconstrucción y Fomento Weltbank. Municipal finance- Developing countries Infrastructure (Economics)- Developing countries- Finance Finances municipales- Pays en voie de développement Infrastructure (Économie politique)- Pays en voie de développement- Finances BUSINESS & ECONOMICS- Banks & Banking Infrastructure (Economics)- Finance Municipal finance Infrastruktur Finanzlage Finanças públicas Países em desenvolvimento Developing countries Electronic books Huet, Gw?enaelle Peterson, George E. Print version Annez, Patricia Clarke. Lessons for the urban century. Washington, D.C. : World Bank, ©2008 (DLC) 2008016697 Directions in development (Washington, D.C.). Infrastructure