A Partial Credit Guarantee : Enhancing Access to Credit Markets during Constrained Times

To Croatia, the ripples of the European financial crisis felt more like large waves! The challenging market conditions limited the ability of the Croatian Bank for Reconstruction and Development (HBOR) to raise funds efficiently without credit enhancement. This in turn impeded a steady flow of credit to the private sector, which was necessary to enhance competitiveness ahead of Croatia s entry to the European Union in July 2013. In response to a request from the Croatian government, the World Bank decided that a Partial Credit Guarantee (PCG) would be the ideal instrument to assist HBOR.

Bibliographic Details

Main Author:	Zaman Khan, Isfandyar
Format:	Publications & Research biblioteca
Language:	English en_US
Published:	International Finance Corporation, Washington, DC 2014-06
Subjects:	ACCESS TO CREDIT, ACCESS TO FINANCE, ADVISORY SERVICES, AMOUNT OF LOANS, BANKING MARKET, BANKS, BENEFICIARIES, BIDDING, BORROWER, BORROWING, CAPACITY BUILDING, CAPITAL MARKETS, COMMERCIAL BANKS, COMMERCIAL FINANCING, COMMERCIAL LENDERS, COMMERCIAL LOANS, COMPETITIVE MARKET, COMPETITIVENESS, CORPORATE FINANCING, CREDIT ENHANCEMENT, CREDIT GUARANTEE, CREDIT GUARANTEES, CREDIT MARKETS, CREDITORS, CREDITWORTHINESS, CROATIAN NATIONAL BANK, DEBT, DIRECT LOANS, ECONOMIC ACTIVITY, ELIGIBILITY CRITERIA, EXPORTERS, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL RESOURCES, FINANCING COST, FLOW OF CREDIT, FLOW OF FUNDS, FOREIGN CREDITORS, FOREIGN DIRECT INVESTMENT, FOREIGN FINANCIAL INSTITUTIONS, FOREIGN INVESTMENT, FOREIGN INVESTMENTS, FUNDING SOURCES, GRACE PERIOD, HOLDING, INSTRUMENT, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL BANKING, INTERNATIONAL INVESTORS, INTERNATIONAL MARKETS, LENDERS, LEVERAGE, LOAN, LOAN PORTFOLIO, LONG-TERM FINANCE, LONG-TERM FUNDING, LONG-TERM MATURITY, MARKET CONDITIONS, MARKET ENTRY, MARKET ENVIRONMENT, MARKET PARTICIPANTS, MARKET PRICING, MARKET VOLATILITY, MATURITIES, MATURITY, MATURITY STRUCTURE, NATIONAL BANK, NEGOTIATION, NEGOTIATIONS, PARTIAL CREDIT, PAYMENT DEFAULT, PRINCIPAL PAYMENTS, PRIVATE SECTOR CREDIT, REAL ESTATE, RECESSION, REPAYMENT, SPREAD, TECHNICAL SUPPORT, TRANSACTION, TREASURY, UNION,
Online Access:	http://documents.worldbank.org/curated/en/2014/06/23940167/null http://hdl.handle.net/10986/21469
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