The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans

World Bank

The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans

2011

World Bank

This report reviews the need for long-term loans for regional governments, assesses the capacity of regional governments to repay long-term loans, identifies existing constraints to long-term borrowing by the regions, and recommends options for removing or mitigating existing constraints. The Government of Indonesia issued a government regulation on regional borrowing and unlike its legal predecessor, the newer regulation allows regional governments to borrow long term for public infrastructure projects that are indirectly revenue-generating, such as roads and flood control systems. Until the late 1990s, a major portion of long-term loans to regional governments was financed by international financial institutions, mainly the Asian Development Bank and the World Bank. In view of the need to increase investments in public infrastructure, and the absence of a domestic market for long-term financing, Government of Indonesia is currently considering re-opening this window by establishing a Municipal Development Fund in the Ministry of Finance.

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Ключевые слова АГРОВОК

basic education capital market decentralization economic growth electricity empowerment equipment exchange rate fixed assets gross domestic product inflation interest rates investment requirements private sector public administration public investment public works regional planning repayment returns roads salaries telecommunications urbanization water supply

Библиографическая информация

Издатель

Washington, DC

Другие темы

Domestic market; Capital investments; Repayment capacities; Solid waste collection; Repayment period; Long-term lending; Debt service payment; Repayment schedule; Fixed interest; Infrastructure investments; Provincial governments; Long-term borrowing; Foreign loans; Government budgets; Total debt; Variable interest rates; Investment projects; Loan agreement; Loan term; Financing requirement; Public; Arrears; Debt services; Real economic growth; Investment cost; Borrowing capacities; Grace period; Government debt; Debt service payments; Inflation rate; Installment; Tax; Infrastructure financing; Loan agreements; Loan applications; Counterpart funds; Event of default; Disbursement; Repayment of debt; Loan repayments; Government revenue; Public finances; Principal repayments; Loan funds; Penalty; Late payment; Outstanding loans; Private investors; Provisions; Long-term loans; Treasury; Interest payments; Lack of access; Long-term debt; Loan condition; Foreign exchange; Outstanding debt; Borrowing capacity; Development bank; Government regulation; Long-term investments; Foreign loan; Government borrowing; Tax revenue; Interest payment; Maturities; Procurement; Repayment capacity; Expenditures; Transfer intercept; Loan amount; Cost estimates; Capital markets; Foreign lenders; Interest rate risk; Debt repayment; Transparency; Sub-national borrowing; Market failure; Lending limits; Foreign lender; Urban infrastructure; Fixed rates; International financial institutions; Principal repayment; Government investments; Budgeting; Public infrastructure; Municipal bonds; Total borrowing; Salary; Loan repayment; Interest rate; Government investment; Mdf; Fiscal capacity; Sub-loans; Foreign direct investment; Loan; Long-term loan; Foreign currency; Repayments; Asset sales; Fixed interest rates; Debt service; Loan conditions

Язык

Английский

Формат

application/pdf, text/plain

Лицензия

CC BY 3.0 IGO, http://creativecommons.org/licenses/by/3.0/igo/, World Bank

В АГРИСе с: 2024-10-18

Дата изменения: 2025-10-25

Формат: Dublin Core

Поставщик данных

Эту запись предоставил World Bank

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Ссылки

DOI http://documents.worldbank.org/curated/en/2011/06/16275159/need-capacity-willingness-regional-governments-finance-public-infrastructure-long-term-loans-building-capacity-development-sub-national-government-capital-market-municipal-bonds https://hdl.handle.net/10986/12466

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The Need, Capacity and Willingness of Regional Governments to Finance Public Infrastructure from Long-Term Loans

2011

Ключевые слова АГРОВОК

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