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Remittances & Migration Diaspora Bonds Future-Flow Securitization Country Risk Rating |
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Future-Flow Securization “Leveraging
Remittances for International Capital Market Access,” World Bank,
November 2005 “Recent Advances in Future-Flow Securitization,” The
Financier. December 2005. “Development
Financing during a Crisis: Future-Flow Securitization,” Policy Research
Working Paper 2582, April 2001. “Financing Development through Future-Flow
Securitization,” PREMnotes, World Bank, June
2002. “Securitization of Future Flow Receivables: A Useful Tool for
Developing Countries,” Finance
and Development, March 2001
New “New Paths to Funding.” This
article in the June 2009 issue of Finance and Development discusses
performance-indexed bonds, diaspora bonds, securitization of future
remittances and export earnings as possible means for restoring or starting
access of poor country borrowers to international capital markets. Innovative Financing for Development For more information, and
a pdf version of the book, read my blog post. A book launch and panel
discussion on innovative financing took place on October 9,
2008, on the sidelines of the World Bank/IMF Annual Meetings. This book
argues that poor countries need additional, cross-border capital channeled to
the private sector for employment generation, growth, and poverty reduction.
For that, innovative financing mechanisms are necessary. The volume brings
together various market-based innovative methods of raising development
finance including securitization of future flow receivables, diaspora bonds,
and the role of shadow sovereign ratings in facilitating access to
international capital markets. “Beyond
Aid: New Sources and Innovative Mechanisms for Financing Development in
Sub-Saharan Africa,” January 1, 2008. This paper argues that
Sub-Saharan Africa can potentially raise up to $17
billion annually via securitization of future remittances and other future
receivables. “Shadow Sovereign Ratings for Unrated Developing Countries,”
June 2007 (Listen to
interview with Stephen Evans, BBC Radio, aired on April 10, 2007)
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