Efficient energy services are essential for economic growth, competitiveness, and human development. Globally, energy markets are undergoing a transformation: fossil fuel prices are responding to new and unpredictable dynamics, and new energy and information and communication technologies (ICT) are emerging and disrupting traditional market architectures.
... Exibir mais + The 2030 development agenda for sustainable development adopted in September 2015 by the 193 countries of the United Nations General Assembly establishes sustainable energy as number seven of its 17 sustainable development goals (SDG7). It seeks to ensure access to affordable, reliable, sustainable, and modern energy for all. While much of the finance will have to come from the private sector, public finance - both national budgets and concessional transfers - will have a crucial role to play in helping set economies on the right path. So in this increasingly complex and rapidly changing context, how are Latin America and Caribbean (LAC) energy markets progressing? How will emerging disruptions and game changers influence the evolution and transformation of energy markets in LAC? How ready are existing markets and institutions to actively move toward the next frontiers of efficiency? What is needed to break through to the modern, efficient, secure, and sustainable energy systems needed to support the regional economy in the coming years? What investment will be needed and how is LAC poised to attract private finance? This report explores these questions and offers insights into paths and indicative actions needed to approach the next efficiency frontier. The report focuses on electricity and gas markets. The analysis acknowledges the varying conditions and challenges of different countries in the region. Intraregional variation is addressed through analysis of country groupings and selection of appropriate comparators, benchmarks, and best practice frontiers.
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Documento de Trabalho 117058 JUN 01, 2017
Barbalho,Antonio Alexandre Rodrigues; Moreira,Susana; Liu,Jiemei; Garcia-Kilroy,Catalina; Elizondo Azuela,Gabriela; De Gouvello,Christophe; Maurer,Luiz T. A.; Reinstein,DavidDisclosed
Efficient energy services are essential for economic growth, competitiveness, and human development. Globally, energy markets are undergoing a transformation: fossil fuel prices are responding to new and unpredictable dynamics, and new energy and information and communication technologies (ICT) are emerging and disrupting traditional market architectures.
... Exibir mais + The 2030 development agenda for sustainable development adopted in September 2015 by the 193 countries of the United Nations General Assembly establishes sustainable energy as number seven of its 17 sustainable development goals (SDG7). It seeks to ensure access to affordable, reliable, sustainable, and modern energy for all. While much of the finance will have to come from the private sector, public finance - both national budgets and concessional transfers - will have a crucial role to play in helping set economies on the right path. So in this increasingly complex and rapidly changing context, how are Latin America and Caribbean (LAC) energy markets progressing? How will emerging disruptions and game changers influence the evolution and transformation of energy markets in LAC? How ready are existing markets and institutions to actively move toward the next frontiers of efficiency? What is needed to break through to the modern, efficient, secure, and sustainable energy systems needed to support the regional economy in the coming years? What investment will be needed and how is LAC poised to attract private finance? This report explores these questions and offers insights into paths and indicative actions needed to approach the next efficiency frontier. The report focuses on electricity and gas markets. The analysis acknowledges the varying conditions and challenges of different countries in the region. Intraregional variation is addressed through analysis of country groupings and selection of appropriate comparators, benchmarks, and best practice frontiers.
Exibir menos -
Documento de Trabalho 117058 JUN 01, 2017
Elizondo Azuela,Gabriela; Barbalho,Antonio Alexandre Rodrigues; Maurer,Luiz T. A.; De Gouvello,Christophe; Reinstein,David; Moreira,Susana; Garcia-Kilroy,Catalina; Liu,JiemeiDisclosed
Financing public infrastructure is an important challenge in the growth agenda of the Latin America and the Caribbean (LAC) region. Subject to fiscal constraints, many countries in the LAC region have been looking at private sector financing as an alternative for financing public investment.
... Exibir mais + With different degrees of success, countries in the region have been using Public-Private Partnerships (PPPs) since the late 1980s. Although the needs of investments in public infrastructure vary by country and by sector, it is clear that public resources might not be enough. While public infrastructure will continue to be largely financed by the public sector in the LAC region, significant room still exist for private sector financing of public infrastructure. In Advanced Economies (AEs), such as Australia, and the United Kingdom, PPP projects account for 10 to 15 percent of overall infrastructure investments. This report analyzes the challenges and policy options to increase private sector financing in public infrastructure in the LAC region through PPPs. Given the diversity of LAC countries, the report takes a conceptual approach and analyzes the different alternatives of private sector financing of public investments that different groups of countries can utilize. This approach also takes stock of the different status and degree of institutional and financial development in LAC countries in light of ongoing promising legal reforms and financial innovations for infrastructure finance in the LAC region, as well as in AEs and other regions.
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Documento de Trabalho 114418 JAN 01, 2017
Garcia-Kilroy,Catalina; Rudolph,Heinz P. InglêsDisclosed
Financing public infrastructure is an important challenge in the growth agenda of the Latin America and the Caribbean (LAC) region. Subject to fiscal constraints, many countries in the LAC region have been looking at private sector financing as an alternative for financing public investment.
... Exibir mais + With different degrees of success, countries in the region have been using Public-Private Partnerships (PPPs) since the late 1980s. Although the needs of investments in public infrastructure vary by country and by sector, it is clear that public resources might not be enough. While public infrastructure will continue to be largely financed by the public sector in the LAC region, significant room still exist for private sector financing of public infrastructure. In Advanced Economies (AEs), such as Australia, and the United Kingdom, PPP projects account for 10 to 15 percent of overall infrastructure investments. This report analyzes the challenges and policy options to increase private sector financing in public infrastructure in the LAC region through PPPs. Given the diversity of LAC countries, the report takes a conceptual approach and analyzes the different alternatives of private sector financing of public investments that different groups of countries can utilize. This approach also takes stock of the different status and degree of institutional and financial development in LAC countries in light of ongoing promising legal reforms and financial innovations for infrastructure finance in the LAC region, as well as in AEs and other regions.
Exibir menos -
Financing public infrastructure is an important challenge in the growth agenda of the Latin America and the Caribbean (LAC) region. Subject to fiscal constraints, many countries in the LAC region have been looking at private sector financing as an alternative for financing public investment.
... Exibir mais + With different degrees of success, countries in the region have been using Public-Private Partnerships (PPPs) since the late 1980s. Although the needs of investments in public infrastructure vary by country and by sector, it is clear that public resources might not be enough. While public infrastructure will continue to be largely financed by the public sector in the LAC region, significant room still exist for private sector financing of public infrastructure. In Advanced Economies (AEs), such as Australia, and the United Kingdom, PPP projects account for 10 to 15 percent of overall infrastructure investments. This report analyzes the challenges and policy options to increase private sector financing in public infrastructure in the LAC region through PPPs. Given the diversity of LAC countries, the report takes a conceptual approach and analyzes the different alternatives of private sector financing of public investments that different groups of countries can utilize. This approach also takes stock of the different status and degree of institutional and financial development in LAC countries in light of ongoing promising legal reforms and financial innovations for infrastructure finance in the LAC region, as well as in AEs and other regions.
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Documento de Trabalho 114418 JAN 01, 2017
Garcia-Kilroy,Catalina; Rudolph,Heinz P. Espanhol,
Inglês,
Disclosed
Financing public infrastructure is an important challenge in the growth agenda of the Latin America and the Caribbean (LAC) region. Subject to fiscal constraints, many countries in the LAC region have been looking at private sector financing as an alternative for financing public investment.
... Exibir mais + With different degrees of success, countries in the region have been using Public-Private Partnerships (PPPs) since the late 1980s. Although the needs of investments in public infrastructure vary by country and by sector, it is clear that public resources might not be enough. While public infrastructure will continue to be largely financed by the public sector in the LAC region, significant room still exist for private sector financing of public infrastructure. In Advanced Economies (AEs), such as Australia, and the United Kingdom, PPP projects account for 10 to 15 percent of overall infrastructure investments. This report analyzes the challenges and policy options to increase private sector financing in public infrastructure in the LAC region through PPPs. Given the diversity of LAC countries, the report takes a conceptual approach and analyzes the different alternatives of private sector financing of public investments that different groups of countries can utilize. This approach also takes stock of the different status and degree of institutional and financial development in LAC countries in light of ongoing promising legal reforms and financial innovations for infrastructure finance in the LAC region, as well as in AEs and other regions.
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Emerging market economies (EMEs) are making important strides in developing long-term finance capital market vehicles to support investment in strategic areas such as infrastructure.
... Exibir mais + However, since last year, EMEs have suffered from big shifts in terms of market sentiment. While EMEs prospects were clearly overhyped in the wake of the crisis, the bleak forecasts that dominated headlines in the second half of last year were similarly exaggerated. There are still a number of factors indicating that EMEs role in the global economy will continue to grow, just not as rapidly or dramatically as previously thought.
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