Document Type: Auditing Document Report No.: AUD0017282 Document Date: OCT 14, 2018

Author: Mapoissa,Eldio Venancio Disclosure Status: Disclosed

Prudential regulation of infrastructure investment plays an important role in creating an enabling environment for mobilizing long-term finance from institutional investors, such as insurance companies, and, thus, gives critical support to sustainable development. ... See More + However, the resilient credit performance of infrastructure is not reflected in the standardized approaches for credit risk in most regulatory frameworks (which tends to be guided by the historical default experience of corporate exposures). The presentation is based on recent research, which explores the possibility of a differentiated regulatory treatment of infrastructure investment under the Insurance Capital Standard (ICS). The ICS has been developed by the International Association of Insurance Supervisors (IAIS) and is expected to be implemented after the end of 2019 after extensive field-testing. The analysis of new data on the credit dynamics of infrastructure project loans, with a focus on industry sub-sectors that would satisfy the “use of proceeds” eligibility criteria of ICMA’s Green Bond Principles (GBP), suggests that current capital charges, would decline significantly if infrastructure debt, especially for “green projects,” were treated as a separate asset class. The analytical approach builds on a previous report (Jobst, Andreas A., 2018, “Credit Dynamics of Infrastructure Investment: Considerations for Financial Regulators,” Report No. 124720, March 22 (Washington, D.C.: World Bank Group), available at http://documents.worldbank.org/curated/en/606411522326750586/pdf/124720-PUBLIC-Infrastructure-Regulation-Report-Mar28.pdf).  See Less -

Document Type: Working Paper Report No.: 131044 Document Date: OCT 10, 2018

Author: Jobst,Andreas Alexander Disclosure Status: Disclosed

Document Type: Project Information Document Report No.: PIDC161650 Document Date: OCT 09, 2018

Author: Marathe Dayal,Varsha Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0017084 Document Date: SEP 30, 2018

Author: Dube,Lindiwe Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0017068 Document Date: SEP 30, 2018

Author: Sy,Fatim Seck Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0017096 Document Date: SEP 30, 2018

Author: Sy,Fatim Seck Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0017092 Document Date: SEP 30, 2018

Author: Dube,Lindiwe Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0016970 Document Date: SEP 24, 2018

Author: Hayfron,Charlotte Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0016931 Document Date: SEP 23, 2018

Author: Bazidova,Niso Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0016920 Document Date: SEP 23, 2018

Author: Bazidova,Niso Disclosure Status: Disclosed