Local Sources of Financing for Infrastructure in Africa : A Cross-Country Analysis

With the exception of South Africa, local financial markets in sub-Saharan Africa remain underdeveloped and small, with a particular dearth of financing with maturity terms commensurate with the medium- to long-term horizons of infrastructure proje...

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Bibliographic Details
Main Authors:	Irving, Jacqueline, Manroth, Astrid
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCESS TO BANK ACCOUNTING ASSET HOLDINGS AVAILABILITY OF BANK CREDIT BALANCE SHEET BANK ASSETS BANK BONDS BANK CREDIT BANK DEPOSITS BANK FINANCING BANK LENDER BANK LENDING BANK LOANS BANKING SECTOR BANKING SECTOR ASSETS BANKING SYSTEMS BILATERAL TRANSACTIONS BOND ISSUES BORROWER BROAD MONEY CAPITAL FLOW CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CENTRAL BANK CENTRAL BANKS COLLATERAL COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANKS COMMERCIAL CREDIT CORPORATE BOND CORPORATE BOND MARKETS CORPORATE BONDS CREDIT DISCIPLINE CREDIT RATING CREDIT RATINGS CREDIT RISK CREDIT RISK EVALUATION CREDITORS CREDITWORTHINESS CREDITWORTHY BORROWERS CURRENCY CURRENCY MISMATCH DEBT BURDENS DEBT FINANCING DEBT RELIEF DEMAND FOR CREDIT DEPOSIT DEPOSIT MONEY BANK DEPOSIT MONEY BANKS DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT FINANCE DIVERSIFIED PORTFOLIO DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS DOMESTIC DEBT DOMESTIC FINANCIAL MARKETS EMERGING MARKET EMERGING MARKET ECONOMY EQUITIES EQUITY ISSUES EQUITY MARKETS EXPENDITURE EXPORTERS EXTERNAL DEBT FINANCES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL LIBERALIZATION FINANCIAL MARKET FINANCIAL SECTOR DEVELOPMENT FINANCIAL SYSTEM FINANCIAL SYSTEMS FISCAL POLICIES FOREIGN CURRENCY FUND MANAGERS GOVERNMENT BOND GOVERNMENT BOND MARKETS GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT GUARANTEES GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT HOLDINGS HOLDINGS OF GOVERNMENT SECURITIES INCOME LEVELS INFLATION INFLATION RATES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE FINANCE INFRASTRUCTURE FINANCING INFRASTRUCTURE INVESTMENT INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE COMPANY INSURANCE POLICIES INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL STATISTICS INVENTORY INVESTING INVESTMENT ALLOCATION INVESTMENT ALLOCATIONS INVESTMENT ALTERNATIVES INVESTMENT BANK INVESTMENT CLIMATE INVESTMENT INSTRUMENTS INVESTMENT PORTFOLIO INVESTMENT STRATEGY INVESTOR BASE ISSUANCE LIQUIDITY LOAN LOAN MATURITIES LOAN PORTFOLIOS LOCAL BANK LOCAL BANKS LOCAL CAPACITY LOCAL CURRENCIES LOCAL CURRENCY LOCAL FINANCE LOCAL FINANCIAL MARKETS LOCAL INFLATION LOCAL INFRASTRUCTURE LOCAL MARKET LONG-TERM FINANCE MACROECONOMIC CONDITIONS MACROECONOMIC DATA MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET ANALYSTS MARKET CAP MARKET CONDITIONS MARKET REFORMS MARKET RETURNS MATURITIES MATURITY MAXIMUM MATURITIES MAXIMUM MATURITY MONETARY FUND MORTGAGE MORTGAGE LOANS MUTUAL FUNDS NONPERFORMING LOANS OUTSTANDING BANK LOANS OUTSTANDING CREDIT OUTSTANDING LOANS PAYMENT OF INTEREST PAYMENT SYSTEMS PENSION PENSION ASSETS PENSION FUND PENSION FUND ASSET PENSION FUND ASSETS PENSION FUNDS PENSION SYSTEM PENSION SYSTEM REFORMS PENSION SYSTEMS PENSIONS POTENTIAL INVESTORS PRICE RISK PRIVATE BANK PRIVATE CREDIT PRIVATE FINANCING PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR CREDIT PUBLIC BORROWING REAL INTEREST REAL INTEREST RATES REGULATORY FRAMEWORKS RETURNS RISK EVALUATION RISK PREMIUMS SAVINGS INSTRUMENTS SAVINGS RATE SAVINGS RATES SECURITIES SECURITIES EXCHANGES SHAREHOLDER SHORT-TERM BANK DEPOSITS SHORT-TERM FINANCE SHORT-TERM GOVERNMENT SECURITIES STOCK EXCHANGE SUPERVISORY AUTHORITY TELECOMMUNICATIONS TERM DEPOSITS TIME DEPOSITS TIMELY PAYMENT TRANCHE TRANCHES TRANSACTION TRANSACTION COSTS UNDERDEVELOPED CAPITAL MARKETS VALUE OF COLLATERAL VARIABLE RATES
Online Access:	http://hdl.handle.net/10986/4076

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http://hdl.handle.net/10986/4076

Local Sources of Financing for Infrastructure in Africa : A Cross-Country Analysis

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