The importance of sub-national authorities avoiding foreign exchange risk when borrowing long-term (English)

It has become an internationally recognized best practice to match the repayment term of long term debt financing to the expected useful life of the infrastructure financed; sometimes 15 years or more. This makes infrastructure affordable. However, it is equally important to match the currency of the debt repayment to the currency in which the sub-national authority obtains its revenues. When national governments are the ones building and financing...

DETAILS

Author

Gallo,Joshua Mathias;

Painter,David;
Document Date
2012/07/01
Document Type
Brief
Report Number
73641
Volume No
1
Total Volume(s)
1
Country
Multi-Regional,
Region
Other,
Disclosure Date
2012/11/13
Disclosure Status
Disclosed
Doc Name
The importance of sub-national authorities avoiding foreign exchange risk when borrowing long-term
Keywords
Public Private Infrastructure Advisory Facility

DOWNLOADS

COMPLETE REPORT

Official version of document (may contain signatures, etc)

Official PDF
TXT*
Total Downloads** : 306
Download Stats
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Gallo,Joshua Mathias; Painter,David.

The importance of sub-national authorities avoiding foreign exchange risk when borrowing long-term (English). SNTA brief note ; no. 2 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/978931468279291095

The importance of sub-national authorities avoiding foreign exchange risk when borrowing long-term (English)

DETAILS

DOWNLOADS

COMPLETE REPORT

Citation

RELATED LINKS

SUBSCRIBE TO EMAIL ALERTS