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050  4 HG3881.5.W57 -- W69125 2008eb 
082 0  368.8 
100 1  Bank, World 
245 10 World Bank Group Guarantee Instruments, 1990-2007 :|bAn 
       Independent Evaluation 
264  1 Herndon :|bWorld Bank Publications,|c2008 
264  4 |c©2008 
300    1 online resource (154 pages) 
336    text|btxt|2rdacontent 
337    computer|bc|2rdamedia 
338    online resource|bcr|2rdacarrier 
505 0  Contents -- Abbreviations -- Acknowledgments -- Foreword -
       - Executive Summary -- Management Response -- 
       Chairperson's Summary: Committee on Development 
       Effectiveness (CODE) -- Definitions -- 1 World Bank Group 
       Guarantee Instruments -- Patterns in Private Investments 
       and the Need for Risk Mitigation -- The Nature of the 
       Instrument -- Evolution of WBG Guarantee Instruments -- 
       Mapping of WBG Guarantee Instruments -- Summary of 
       Similarities and Differences -- Conclusion -- 2 Review of 
       the WBG's Experience with Guarantees -- MIGA Guarantees --
       World Bank Guarantees -- IFC Guarantees -- Conclusion -- 3
       The Delivery of PRM Products across the WBG -- The Market 
       for PRM -- WBG Political Risk-Mitigation Products -- 
       Institutional Organization of the Delivery of PRM Products
       -- Overlaps, Competition, and Market Niches -- Cooperation
       on Projects-Efforts and Results -- Coordination Mechanisms
       -- Improving Delivery: Some Organizational Realignment 
       Options -- Conclusion -- 4 Recommendations -- WBG 
       Management -- MIGA Management -- Bank Management -- IFC 
       Management -- Appendixes -- A: Evaluation Methodology -- B
       : WBG Guarantees Staff Survey -- Endnotes -- Bibliography 
       -- Boxes -- 1.1: WBG Guarantee Products -- 2.1: GTFP: A 
       New Product in Response to Existing Demand -- 3.1: The 
       2005 Proposal to Develop Synergies between the World Bank 
       and MIGA Guarantees -- Figures -- 1.1 Structure of IBRD/
       IDA, IFC, and MIGA Contractual Framework -- 2.1 MIGA's 
       Gross Exposure, by Country Risk Classification, Fiscal 
       1990-2007 -- 2.2 MIGA Guarantees Issued and Trends -- 2.3 
       Distribution of Guarantees Issued by Sector (gross 
       exposure), Fiscal 1990-2007 -- 2.4 Distribution of 
       Guarantees by Sector (number of contracts) Fiscal 1990-
       2007 -- 2.5 Reasons Given by Clients for Canceling a 
       Guarantee, Based on Guarantee Contract Cancellations, 
       Fiscal 2001-07 
505 8  2.6 Snapshot of the PRI Market: Total New PRI Business 
       Volumes, Calendar Years 2001-07 -- 2.7 Comparing MIGA's 
       Market Share with Shares of Other BU-IIC Members -- 2.8 
       Total World Bank Net Guarantee, by Country Risk 
       Classification, Fiscal 1990-2007 -- 2.9 Distribution of 
       IBRD PCGs by Region (net commitment), Fiscal 1990-2007 -- 
       2.10 Distribution of IBRD PCGs by Sector (net commitment),
       Fiscal 1990-2007 -- 2.11 Distribution of IBRD/IDA PRGs by 
       Region (net commitment), Fiscal 1990-2007 -- 2.12 
       Distribution of IBRD/IDA PRGs by Sector (net commitment), 
       Fiscal 1990-2007 -- 2.13 PPI Projects in Developing 
       Countries by Sector (1990-2006) -- 2.14 IFC's Total Net 
       Commitment (excluding GTFP), by Country Risk 
       Classification, Fiscal 1990-2007 -- 2.15 Distribution of 
       IFC Guarantees by Sector (net commitment), Fiscal 1990-
       2007 -- 2.16 Distribution of IFC Guarantees by Region (net
       commitment), Fiscal 1990-2007 -- Tables -- 1.1 WBG 
       Guarantee Instruments -- 2.1 MIGA Pricing of Guarantees 
       (2007) -- 2.2 PCGs Enabled Public Agencies to Access 
       Commercial Finance at More Favorable Terms -- 2.3 
       Guarantee Facilities Supported by the Bank -- 2.4 IBRD/IDA
       Pricing of Guarantees (2008) -- 2.5 IFC's Local Currency 
       Financing -- 3.1 The WBG's Political Risk-Mitigation 
       Products -- 3.2 Comparisons of the Deployment of WBG Risk-
       Mitigation Instruments -- 3.3 Potential Synergies of 
       Expertise across the WBG -- 3.4 Comparison of the Main 
       Attributes of the WBG Political Risk-Mitigation Products -
       - 3.5 Joint Bank-IFC-MIGA Guarantee Projects -- 3.6 
       Comparison of WBG Pricing -- 3.7 Benefits of a More 
       Uniform Approach to PRM Pricing -- 3.8 A Simple Comparison
       among Organizational Options 
520    Foreign direct investment and private capital flows are 
       highly concentrated geographically, with almost half of 
       them reaching the top five destinations. These flows tend 
       to evade many high-risk countries, with the exception of 
       those directed to extractive industries. Regulatory and 
       contractual risks, particularly in infrastructure, have 
       inhibited investments in many parts of the developing 
       world. A core objective of the World Bank Group (WBG) has 
       been to support the flow of private investment for 
       development; guarantees and insurance have been among the 
       instruments that the Group has used to pursue this 
       objective.This evaluation assesses the effectiveness in 
       the use of guarantee and insurance products by the WBG. It
       finds that these instruments have effectively advanced WBG
       strategic objectives, in particular facilitating the flow 
       of private investment to high-risk sectors and countries. 
       The diverse range of these instruments has helped to meet 
       the demand for risk mitigation under a variety of 
       circumstances. The Multilateral Investment Guarantee 
       Agency, (MIGA), a relatively small institution of 100 
       staff, has issued 17 billion in guarantees and meets a gap
       in the provision of political risk insurance that private 
       providers are unable to meet. The World Bank's partial 
       risk guarantee has supported large and complex public-
       private partnership infrastructure projects in high-risk 
       countries. Its partial credit guarantees have introduced 
       countries to commercial markets or reintroduced them 
       following a crisis. The International Finance 
       Corporation's (IFC) guarantee instruments have led its 
       entry in the market for local currency finance and have 
       helped improve access to finance for underserved market 
       segments 
588    Description based on publisher supplied metadata and other
       sources 
590    Electronic reproduction. Ann Arbor, Michigan : ProQuest 
       Ebook Central, 2020. Available via World Wide Web. Access 
       may be limited to ProQuest Ebook Central affiliated 
       libraries 
650  0 World Bank Group -- Evaluation.;Surety and fidelity 
       insurance.;Bank insurance 
655  4 Electronic books 
700 1  Tenev, Stoyan 
776 08 |iPrint version:|aBank, World|tWorld Bank Group Guarantee 
       Instruments, 1990-2007 : An Independent Evaluation
       |dHerndon : World Bank Publications,c2008|z9780821376799 
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