creating confidence for private investors tokyo
DESCRIPTION
Creating Confidence for Private Investors Tokyo. August 2004. EBRD Financing Criteria. Sound Banking Principles Transition Impact Additionality. Sound Banking Principles. Realistic and achievable business plan Fully-funded finance plan Identification of risks Robust to sensitivities - PowerPoint PPT PresentationTRANSCRIPT
Creating Confidence for Private Creating Confidence for Private InvestorsInvestors
TokyoTokyo
August 2004August 2004
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EBRD Financing CriteriaEBRD Financing Criteria
Sound Banking Principles
Transition Impact
Additionality
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Sound Banking PrinciplesSound Banking Principles
Realistic and achievable business plan
Fully-funded finance plan
Identification of risks
Robust to sensitivities
Adequate returns
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Investor Confidence (1)Investor Confidence (1)
Understanding the market
Predictable legal framework
Predictable regulatory regime
Assessment of risk
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Investor Confidence (2)Investor Confidence (2)
Government commitment
Appropriate sharing of risk
Active involvement of all key stakeholders
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Who are the stakeholders?Who are the stakeholders?
Local community
Government
Existing operators and service providers
Major users
Investors
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What can Government do?What can Government do?
Create stable and predictable conditions
Show commitment through provision of resources
Create structure for rural development
Demonstrate appropriate government control
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What can EBRD do? (1)What can EBRD do? (1)
Provide financing
– own account
– co-financing
Provide technical assistance
– improve the legal and regulatory regime
– develop appropriate policy
– prepare project business plan
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What can EBRD do? (2)What can EBRD do? (2)
Act as bridgehead between:
– government
– private investors
– donors
– commercial financiers
“Seal of approval”
– stimulate investor confidence
– quasi-independent oversight
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Telecoms Team ContactsTelecoms Team Contacts
David CooperSenior Banker
tel: +44 207 338 6831e-mail : [email protected]
Izzet R. GüneyTeam Director
tel: +44 207 338 6565e-mail : [email protected]
Team fax : +44 207 338 6674Team fax : +44 207 338 6674