Infrastructure finance in developing countries— the potential of sub-sovereign bonds

  title={Infrastructure finance in developing countries— the potential of sub-sovereign bonds},
  author={Daniel Platz},
This paper sets out to explore the potential of sub-sovereign bonds in financing infrastructure in developing countries. Taking into account the historical experience of the US, it develops a supply and demand side framework for analysis of the market for sub-sovereign bonded debt in developing countries and applies this framework to Mexico, India and South Africa. Finally, it draws lessons for countries seeking to promote markets for sub-sovereign bonds. Evidence suggests that the regulatory… CONTINUE READING


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