Government guarantees for private
infrastructure projects represent real liabilities, and
their costs can average as much as a third of the amount
guaranteed. The authors show how governments can use a risk
valuation process to analyze the distribution of risks,
decide which risks they should bear and which should be
borne by the private sector, and reduce the frequency and
size of calls on guarantees.
Bibliographic Details
| Main Authors: |
Lewis, Christopher M.,
Mody, Ashoka |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
1998-08
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| Subjects: | AGENTS,
APPLICATIONS,
CENTRAL GOVERNMENT,
COMMISSIONS,
CONTINGENT LIABILITIES,
CONTINGENT VALUATION,
CONTINGENT VALUATION METHOD,
COVERAGE,
DEREGULATION,
FISCAL POLICIES,
FISCAL POLICY,
INSURANCE,
LOCAL GOVERNMENTS,
MARKET RISK,
PRIVATE INFORMATION,
PRIVATE SECTOR,
PROGRAMS,
RATES,
RESERVES,
RISK ASSESSMENT,
RISK MANAGEMENT,
RISK SHARING,
RISK TRANSFER,
SUBSIDIARY,
UNDERWRITING RISK MANAGEMENT,
CONTINGENT LIABILITY,
INFRASTRUCTURE PROJECTS,
GOVERNMENT GUARANTEES,
PRIVATE INVESTMENTS,
VALUATION,
RISK AVERSION,
GOVERNMENT REGULATION,
COMMERCIAL RISKS,
COST OVERRUNS,
RISK ALLOCATION,
REVENUE SHARING,
CONTRACT FORMULATION,
CONTRACT OPTIONS, |
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| Online Access: | http://documents.worldbank.org/curated/en/1998/08/441601/risk-management-systems-contingent-infrastructure-liabilities-applications-improve-contract-design-monitoring
https://hdl.handle.net/10986/11538
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