44447-012: Preparing the Bond Guarantee Fund for India

Project Data Sheet (PDS): Overview


The proposed TA supports a critical pillar of the infrastructure financing strategy through bond market financing in India. Given exposure limits by banks to infrastructure financing, the proposed (BGFI) will provide an institutional mechanism to credit enhance debt instruments issued by infrastructure and non-infrastructure corporations and special purpose vehicles (SPVs). The credit enhancement will occur from a standalone rating of around BBB to AA thereby enabling contractual savings ... Read More

Country India
Project Number 44447-012
Type or Modality of Assistance Technical Assistance
Financing Public sector (Sovereign)
Status Approved
Approval Number TA No. 8279
Approval Date 17 Dec 2012
Sector Finance
Subsector Finance sector development
Infrastructure finance and investment funds
Strategic Agendas Inclusive economic growth (IEG)
Regional integration (RCI)
Drivers of Change Governance and capacity development (GCD)
Partnerships (PAR)
Private sector development (PSD)
Gender Equity and Mainstreaming Categories Category 4: No gender elements (NGE)


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