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Why Pooled Financing of Municipal Infrastructure?

Why Pooled Financing of Municipal Infrastructure?. Pavel Kochanov Municipal Finance Specialist. Medium and small municipal borrowers face challenges and higher costs when accessing capital markets. Municipal pooled financing. ???. Examples of municipal pooled financing institutions.

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Why Pooled Financing of Municipal Infrastructure?

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  1. Why Pooled Financing of Municipal Infrastructure? Pavel Kochanov Municipal Finance Specialist

  2. Medium and small municipal borrowers face challenges and higher costs when accessing capital markets Municipal pooled financing ???

  3. Examples of municipal pooled financing institutions National financing authority for local government – Options assessment / Ernst & Young, 2013

  4. If municipal pooled financing is pursued in developing countries additional challenges should be addressed

  5. Average weight of criteria factors in a credit rating of local governments

  6. Relative Importance of local (including cities) governments varies greatly measured by share of LG expenditures in consolidated general government expenditures Note: Color of a country corresponds to its percentile in the world’s distribution: red – 0-25th, yellow – 25-50th, blue – 50-75th, green – 75-100th. • LG expenditures shares vary greatly - from virtually zero percent in a number of countries (Guyana, Mozambique, Haiti, etc.) to 59 percent in Denmark, • A large majority of countries (63 percent) have local government expenditure shares less than the sample average of 13 percent, and only 11 percent of the countries have LG expenditures shares higher than 30 percent. Source: MaksymIvanyna and Anwar Shah (2012). How Close Is Your Government to Its People? Worldwide Indicators on Localization and Decentralization. Policy Research Working Paper 6138, WB

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