Resource Financed Infrastructure: A Discussion on a New Form of Infrastructure Financing by Håvard Halland; John Beardsworth; Bryan Land; James Schmidt

Author:Håvard Halland; John Beardsworth; Bryan Land; James Schmidt
Language: eng
Format: epub
Publisher: The World Bank

Relationship to the Fiscal Regime

As with the question of value discussed above, most criticisms of RFI fiscal regimes are among observers who characterize an RFI transaction as a swap or barter, rather than as a transaction under a new financing mechanism. Such observers state that there should be some equivalence between the amount or value of the resource in the ground (and to which the resource developer is being given access) and the amount or value of the infrastructure the country will receive under the first phase of an RFI transaction. It may be that in early RFI transactions the components were poorly structured, and the link between resource development and infrastructure construction was not transparent.

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