Pietro Masci - IDB
The Inter-American Development Bank and Sub-Sovereign Governments Development
Multilateral Financial Institution (MFI), London, june 1999
There is an unprecedented political and fiscal decentralization in LA: Sub-sovereign Governments become responsible for delivering services involving the private sector.
We will present a framework to assess creditworthiness of Sub-sovereign Governments and to identify:
a) the appropriate credit enhancement to achieve creditworthiness at the project level; and
b) the effective technical assistance support programs to allow Sub-sovereign Governments to reduce institutional and financial gaps.
We will also elaborate on the role of credit enhancements and technical assistance to help Sub-sovereign Governments in the road to creditworthiness and financial independence and to provide services more effectively.
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