Resource financed infrastructure: a discussion on a new form of infrastructure financing
In: World Bank Studies
Abstract
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
Verfügbarkeit
Themen
Infrastructure (Economics), BUSINESS & ECONOMICS, Finance
Sprachen
Englisch
Verlag
World Bank Publications
ISBN
9781464802409, 1464802408, 1464802394, 9781464802393
Seiten
xv, 89
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