Financing infrastructure using asset-backed securities : lessons for developing countries

Chikolwa, Bwembya (2008) Financing infrastructure using asset-backed securities : lessons for developing countries. The Icfai University Journal of Infrastructure, VI(4), pp. 7-24.

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The purpose of the paper is to investigate how Asset-Backed Securitization (ABS) can be used to fund infrastructure development in developing countries. This paper also presents a case study on how ABS has been used to fund infrastructure in Australia and points out the lessons that developing countries can learn from the Australian experience. Huge amounts of funds are being poured into infrastructural investment. However, much of this activity is occurring in developed countries with little activity in developing countries. Developing countries can participate in this windfall, if clear policies, well-functioning institutions, and well led out regulations are put in place. Structured debt or ABS is seen as an innovative way of funding infrastructure.

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ID Code: 18874
Item Type: Journal Article
Refereed: Yes
Additional Information: For author's download statistics go to Author link below
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Keywords: Financing Infrastructure, Asset-Backed Securities, Public Private Partnerships, Private Finance Initiatives, Macquarie Infrastructure Group, Millennium Development Goals, Infrastructural investment, Infrastructure systems, Operational stage, Maintenance s
ISSN: 0924-0136
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Finance (150201)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building not elsewhere classified (120299)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Deposited On: 19 Mar 2009 03:10
Last Modified: 14 Oct 2009 06:43

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