Subnational Finance: New Opportunities for Engagement with Local Governments and State-Owned Entities

Thursday, March 12, 2009
9:00 - 10:30 am

Scope of Training: The session will introduce the subnational finance (SN) product line to urban staff and familiarize attendees with specific characteristics of working in joint World Bank/IFC teams. It will be enriched with case studies of subnational finance transactions recently undertaken in the areas of urban infrastructure and urban transport (and their impact on urban health). The session is planned for 1.5 hour.

Learning Objective: The staff will understand when a non-sovereign products is appropriate for project financing in the urban sector and able to offer preliminary information during client dialogue. Staff will also understand the project cycle of the SN transactions and will develop an understanding of IFC’s processes that will help foster and develop joint Bank/IFC teams.

Preliminary Training Agenda:

• SN overview (pdf) – how subnational finance complements IFC and Bank business
• Overview off SN products – financial structure, credit risk and pricing
• SN Project Processing Cycle
• World Bank/IFC – Working as one Team – recognition of deliverables, project supervision, etc.
• PPIAF Subnational Finance Technical Assistance Window – Helping improve subnational creditworthiness
• Questions and answers
• Case Studies – Five SN urban infrastructure and urban transport transactions in LAC, ECA and South Africa
• Questions and answers

Presenters: Navaid Qureshi (IFC), Isabel Chatterton (WB), Marco Sorge (IFC).