'Structured Finance in Latin America' explores how structured finance mechanisms can channel pension savings to support projects in underserved sectors, deepen capital markets, and contribute to investment and economic growth.Private pension funds have been accumulating assets rapidly in the wake of pension system reforms in many Latin American countries. Strict investment regulations to protect workers' savings have limited their investment in highly creditworthy domestic securities, yet pension fund demand for new securities has outstripped issuance of eligible traditional corporate debt instruments. This has contributed to a high concentration of pension fund assets in public debt.Innovative structured finance mechanisms can help bring to the market a new set of creditworthy securities backed by pools of loans to small borrowers, mortgage loans or the expected proceeds of large infrastructure projects. These mechanisms create new investment opportunities for pension funds, while establishing additional sources of funding for underserved market segments. Policy makers and regulatory authorities have a catalytic role to play in the development of structured finance securities by establishing a conducive legal, regulatory, and tax framework.'Structured Finance in Latin America' serves as a practical guide for development practitioners, policy makers, and others working in government, international or nongovernmental organizations, and financial institutions, who focus on finance and investment; infrastructure, transport, and urban development; housing finance; small and medium-sized enterprise development; and pension reform.

Structured Finance in Latin America: Channeling Pension Funds to Housing, Infrastructure, and Small Businesses (Directions in Development - Finance)

Business & Money

Sirtaine, Sophie

Cheikhrouhou, Hela

Salinas, Emanuel

Vittas, Dimitri

Gwinner, W. Britt

Pollner, John

Economics

World Bank Publications

Two years into the deepest global financial crisis in the post-war era, the world economy is still experiencing uneven economic recovery and financial weakness. Financial market conditions are signaling improved investor confidence and more appetite for cross-border investments. As part of its mandate to encourage investment to developing countries, the Multilateral Investment Guarantee Agency (MIGA) seeks to foster more understanding of the role of political risk, and instruments to mitigate it. The objective for this report is to examine (i) overall investment trends and perceptions of political risk especially for what regards foreign direct investment (FDI) to emerging markets; (ii) investments and risks specifically in Conflict-Affected and Fragile States (iii) the role political risk insurance (PRI) is playing today and its likely role in the future.

World Investment and Political Risk 2010

Lambert, Caroline

Villar, Daniel

Dreyhaupt, Stephan

Economou, Persephone

Verheyen, Gero

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