Private Enterprise and Financial Markets > Infrastructure and Financial Markets > Infrastructure
Presentation on Sub-Sovereign Government Development
By Pietro Masci (08/99, En)
London 14-15 June 1999, Pietro Masci, Division Chief, Infrastructure and Financial Markets Division Inter-American Development Bank
In the last decade, we have witnessed an unprecedented political and fiscal decentralization around the world and in Latin American and Caribbean: the local population elects Sub-sovereign officials and sub-sovereign Governments become responsible for delivering services. In that context, the capability of local authorities and institutions to operate efficiently and attract resources becomes crucial. The presentation focus on a framework to assess creditworthiness of Sub-sovereign Governments and identify:
a) the appropriate credit enhancement to achieve creditworthiness at the project level; and
b) the effective technical assistance support programs to allow Sub-sovereign Governments to reduce institutional and financial gaps.
Credit enhancements and technical assistance programs constitute an important tool to help Sub-sovereign Governments in the road to creditworthiness and financial independence and to provide services more effectively. The presentation suggests some conclusions on the Lessons Learned, the Validation of the Framework and the Competitive Advantage of the Bank.
Framework for Risk Assessment of Sub-sovereign Governments at the Project level and for Technical Assistance Program.
Last updated: 01/29/07
