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date: 26 October 2020

Abstract and Keywords

This chapter examines the current investment gap in the emerging market and developing economy (EMDE) infrastructure market and proposes innovative solutions to help close the gap and supplement local financing by mobilizing international financial sources to support EMDE projects. The chapter highlights the importance of treating EMDE infrastructure as an asset class and the associated implications to investors, regulators, project sponsors, and other stakeholders. Specific products include project asset-based securities, puttable bonds, programmatic risk guarantees, and securitized infrastructure loan products. The chapter explores potential investor targets for the emerging market infrastructure sector and lays out proposed structures for alternative financing products that engage commercial and multilateral development banks to mobilize additional finance.

Keywords: PP, public–private partnership, project bond, multilateral supports, securitization, collateralized loan obligation, asset-backed security, asset class

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