Investing In Electricity Growth And Debt Sustainability

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Investing in Electricity, Growth, and Debt Sustainability

Author : Michele Andreolli
Publisher : International Monetary Fund
ISBN 13 : 148438573X
Total Pages : 42 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Investing in Electricity, Growth, and Debt Sustainability by : Michele Andreolli

Download or read book Investing in Electricity, Growth, and Debt Sustainability written by Michele Andreolli and published by International Monetary Fund. This book was released on 2016-06-09 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through growth-enhancing increase in domestic energy supply and receipts from selling electricity abroad to ease the fiscal burden, which is often associated with big investment projects. During the transition (construction stage), various financing options are explored: increase in the public debt, increase in domestic revenue (fiscal adjustment), and combination. The calibration matches Lesotho's data and it captures the project's main challenges regarding the project costs. Moreover,the key remaining issue is the agreement with South Africa to purchase sufficient amount of electricity to allow the potential plant to run at a high capacity. We find that, the project can lead to sizable macroeconomic benefits as long as costs are relatively low and demand from South Africa is sufficiently high. However, the risks for the viability of the project are high, if these assumptions are violated.

Public Investment Scaling-up and Debt Sustainability

Author : Ahmed El-Ashram
Publisher : International Monetary Fund
ISBN 13 : 1484302451
Total Pages : 31 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Public Investment Scaling-up and Debt Sustainability by : Ahmed El-Ashram

Download or read book Public Investment Scaling-up and Debt Sustainability written by Ahmed El-Ashram and published by International Monetary Fund. This book was released on 2017-06-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The question of how scaling up public investment could affect fiscal and debt sustainability is key for countries needing to fill infrastructure gaps and build resilience. This paper proposes a bottom-up approach to assess large public investments that are potentially self-financing and reflect their impact in macro-fiscal projections that underpin the IMF’s Debt Sustainability Analysis Framework. Using the case of energy sector investments in Caribbean countries, the paper shows how to avoid biases against good projects that pay off over long horizons and ensure that transformative investments are not sacrificed to myopic assessments of debt sustainability risks. The approach is applicable to any macro-critical investment for which user fees can cover financing costs and which has the potential to raise growth without crowding-out.

Investing in Electricity, Growth, and Debt Sustainability

Author : Michele Andreolli
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Investing in Electricity, Growth, and Debt Sustainability by : Michele Andreolli

Download or read book Investing in Electricity, Growth, and Debt Sustainability written by Michele Andreolli and published by . This book was released on 2016 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through growth-enhancing increase in domestic energy supply and receipts from selling electricity abroad to ease the fiscal burden, which is often associated with big investment projects. During the transition (construction stage), various financing options are explored: increase in the public debt, increase in domestic revenue (fiscal adjustment), and combination. The calibration matches Lesotho's data and it captures the project's main challenges regarding the project costs. Moreover,the key remaining issue is the agreement with South Africa to purchase sufficient amount of electricity to allow the potential plant torun at a high capacity. We find that, the project can lead to sizable macroeconomic benefitsas long as costs are relatively low and demand from South Africa is sufficiently high.However, the risks for the viability of the project are high, if these assumptions are violated.

Investing in Electricity, Growth, and Debt Sustainability

Author : Michele Andreolli
Publisher : International Monetary Fund
ISBN 13 : 1475540671
Total Pages : 42 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Investing in Electricity, Growth, and Debt Sustainability by : Michele Andreolli

Download or read book Investing in Electricity, Growth, and Debt Sustainability written by Michele Andreolli and published by International Monetary Fund. This book was released on 2016-09-23 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through growth-enhancing increase in domestic energy supply and receipts from selling electricity abroad to ease the fiscal burden, which is often associated with big investment projects. During the transition (construction stage), various financing options are explored: increase in the public debt, increase in domestic revenue (fiscal adjustment), and combination. The calibration matches Lesotho's data and it captures the project's main challenges regarding the project costs. Moreover,the key remaining issue is the agreement with South Africa to purchase sufficient amount of electricity to allow the potential plant to run at a high capacity. We find that, the project can lead to sizable macroeconomic benefits as long as costs are relatively low and demand from South Africa is sufficiently high. However, the risks for the viability of the project are high, if these assumptions are violated.

Cases on Green Energy and Sustainable Development

Author : Yang, Peter
Publisher : IGI Global
ISBN 13 : 1522585613
Total Pages : 612 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Cases on Green Energy and Sustainable Development by : Yang, Peter

Download or read book Cases on Green Energy and Sustainable Development written by Yang, Peter and published by IGI Global. This book was released on 2019-07-26 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the urgent need for action, there is a widespread lack of understanding of the benefits of using green energy sources for not only reducing carbon emissions and climate change, but also for growing a sustainable economy and society. Future citizens of the world face increasing sustainability issues and need to be better prepared for energy transformation and sustainable future economic development. Cases on Green Energy and Sustainable Development is a critical research book that focuses on the important role renewable energy and energy efficiency play in energy transition and sustainable development and covers economic and promotion policies of major renewable energy and energy-efficiency technologies. Highlighting a wide range of topics such as economics, energy storage, and transportation technologies, this book is ideal for environmentalists, academicians, researchers, engineers, policymakers, and students.

OECD Sovereign Borrowing Outlook 2021

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264852395
Total Pages : 94 pages
Book Rating : 4.2/5 (648 download)

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Book Synopsis OECD Sovereign Borrowing Outlook 2021 by : OECD

Download or read book OECD Sovereign Borrowing Outlook 2021 written by OECD and published by OECD Publishing. This book was released on 2021-05-20 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.

Financing Sustainability

Author : Marco Kerste
Publisher : VU Uitgeverij
ISBN 13 : 9086595596
Total Pages : 224 pages
Book Rating : 4.0/5 (865 download)

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Book Synopsis Financing Sustainability by : Marco Kerste

Download or read book Financing Sustainability written by Marco Kerste and published by VU Uitgeverij. This book was released on 2011 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainability thinking is rapidly gaining traction. It offers an inspiring vision for the future of the world and provides significant business and investment opportunities. Based on insights from over 300 empirical studies, this book explores the possibilities in the field of renewable energy finance, carbon trading, and sustainable investing. In addition, it describes innovative finance mechanisms – such as green bonds and peer-to-peer lending – that may further spur environmental and social sustainability. By taking an empirical, fact-based approach, this book aims to provide investors, business executives, and policymakers with a more thorough understanding of how sustainable finance can create value for business and society. Key words: Sustainable finance, renewable energy finance, cleantech, green investing, sustainable investments, responsible investments, carbon trading, carbon finance, ESG, impact investing.

Global Waves of Debt

Author : M. Ayhan Kose
Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Public Debt and Growth

Author : Jaejoon Woo
Publisher : International Monetary Fund
ISBN 13 : 1455201855
Total Pages : 48 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Public Debt and Growth by : Jaejoon Woo

Download or read book Public Debt and Growth written by Jaejoon Woo and published by International Monetary Fund. This book was released on 2010-07-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.

OECD Sovereign Borrowing Outlook 2020

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264529217
Total Pages : 67 pages
Book Rating : 4.2/5 (645 download)

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Book Synopsis OECD Sovereign Borrowing Outlook 2020 by : OECD

Download or read book OECD Sovereign Borrowing Outlook 2020 written by OECD and published by OECD Publishing. This book was released on 2020-07-29 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OECD Sovereign Borrowing Outlook provides regular updates on trends and developments associated with sovereign borrowing requirements, funding strategies, market infrastructure and debt levels from the perspective of public debt managers.

Inclusive Green Growth

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 0821395521
Total Pages : 192 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Inclusive Green Growth by : World Bank

Download or read book Inclusive Green Growth written by World Bank and published by World Bank Publications. This book was released on 2012-05-01 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inclusive Green Growth: The Pathway to Sustainable Development makes the case that greening growth is necessary, efficient, and affordable. Yet spurring growth without ensuring equity will thwart efforts to reduce poverty and improve access to health, education, and infrastructure services.

States, Debt, and Power

Author : Kenneth Dyson
Publisher : OUP Oxford
ISBN 13 : 0191023477
Total Pages : 801 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis States, Debt, and Power by : Kenneth Dyson

Download or read book States, Debt, and Power written by Kenneth Dyson and published by OUP Oxford. This book was released on 2014-06-19 with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt: States, Debt, and Power argues for the importance of situating our contextually influenced thinking about European states and debt within a commitment to historically informed and critical analysis. It teases out certain broad historical patterns. The book also examines the inescapably difficult and contentious judgements about 'bad' and 'good' debt; about what constitutes sustainable debt; and about distributive justice at times of sovereign debt crisis. These judgements offer insight into the nature of power and the contingent nature of sovereign creditworthiness. Three themes weave through the book: the significance of creditor-debtor state relations in defining asymmetry of power; the context-specific and constructed character of debt, above all in relation to war; and the limitations of formal economic reasoning in the face of radical uncertainty. Part I examines case studies from Ancient Greece to the modern Euro Area and brings together a wealth of historical data that cast fresh light on how sovereign debt problems are debated and addressed. Part II looks at the conditioning and constraining framework of law, culture, and ideology and their relationship to the use of policy instruments. Part III shows how the problems of matching the assumption of liability with the exercise of control are rooted in external trade and financial imbalances and external debt; in financial markets and vulnerability to banking crisis; in the character of the 'private governance of public debt'; in who has power over indicators of sustainability; in domestic institutional and political arrangements; and in sub-national fiscal governance. Part IV looks at how the problems of mismatch between liability and control take on an acute form within the historical context of European monetary union, above all in Euro Area debt crises.

Senegal

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475578415
Total Pages : 155 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Senegal by : International Monetary Fund. African Dept.

Download or read book Senegal written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2012-12-19 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2012 Article IV Consultation report for Senegal discusses the fourth review of the Policy Support Instrument (PSI) implementation and request for modification of an assessment criterion. Senegal’s growth has been sluggish in recent years, with implications for poverty reduction. The authorities’ policies since the last Article IV Consultation have been broadly in line with IMF recommendations. In the medium term, growth is expected to return gradually to about 5 percent a year. However, the economy remains exposed to substantial risks.

Republic of Madagascar

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
ISBN 13 : 148431073X
Total Pages : 50 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Republic of Madagascar by : International Monetary Fund. African Dept.

Download or read book Republic of Madagascar written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2017-07-18 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper surveys the economic costs of corruption in Madagascar, and provides a few ideas on how to advance anticorruption reforms. Madagascar’s governance indicators weakened significantly during the transition period 2009–13. Governance indicators that generally were on par with middle-income countries in Sub-Saharan Africa (SSA) ten years ago have regressed and converged to the average of fragile SSA countries. After the return of constitutional order in 2014, the government has started to address corruption, mainly through the introduction of new laws so far. More emphasis is needed on effective implementation and raising sufficient resources to fight corruption.

Private Finance for Development

Author : Hilary Devine
Publisher : International Monetary Fund
ISBN 13 : 1513571567
Total Pages : 161 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Private Finance for Development by : Hilary Devine

Download or read book Private Finance for Development written by Hilary Devine and published by International Monetary Fund. This book was released on 2021-05-14 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.

Unleashing Growth and Strengthening Resilience in the Caribbean

Author : Mr.Krishna Srinivasan
Publisher : International Monetary Fund
ISBN 13 : 1484318919
Total Pages : 378 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Unleashing Growth and Strengthening Resilience in the Caribbean by : Mr.Krishna Srinivasan

Download or read book Unleashing Growth and Strengthening Resilience in the Caribbean written by Mr.Krishna Srinivasan and published by International Monetary Fund. This book was released on 2017-11-13 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.

Macroeconomic Developments and Prospects in Low-Income Developing Countries - 2016

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
ISBN 13 : 1498345018
Total Pages : 81 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Macroeconomic Developments and Prospects in Low-Income Developing Countries - 2016 by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Macroeconomic Developments and Prospects in Low-Income Developing Countries - 2016 written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2016-11-23 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is the third in a series assessing macroeconomic developments and prospects in low-income developing countries (LIDCs). The first of these papers (IMF, 2014a) examined trends during 2000–2014, a period of sustained strong growth across most LIDCs. The second paper (IMF, 2015a) focused on the impact of the drop in global commodity prices since mid-2014 on LIDCs—a story with losers (countries dependent on commodity exports, notably fuel) and winners (countries with a more diverse export base, where growth remained robust). The overarching theme in this paper’s assessment of the macroeconomic conjuncture among LIDCs is that of incomplete adjustment to the new world of “lower for long” commodity prices, with many commodity exporters still far from a sustainable macroeconomic trajectory (Chapter 1). The analysis of risks and vulnerabilities focuses on financial sector stresses and medium-term fiscal risks, pointing to the actions, including capacity building, needed to manage and contain these challenges over time (Chapter 2). With 2016 the first year of the march towards the 2030 development goals, the paper also looks at how infrastructure investment can be accelerated in LIDCs, given that weaknesses in public infrastructure (such as energy, transportation systems) in LIDCs are widely seen as a key constraint on medium-term growth potential (Chapter 3). With the sharp adjustment in commodity prices now into its third year, some of the key messages of the paper are familiar: a) many commodity exporters, notably fuel producers, remain under significant economic stress, with sluggish growth, large fiscal imbalances, and weakened foreign reserve positions; b) countries with a more diversified export base are generally doing well, although several have been hit by declines in remittances, conflict/natural disasters, and the contractionary impact of macroeconomic stabilization programs; c) widening fiscal imbalances, in both commodity and diversified exporters, have resulted in rising debt levels, with severe financing stress emerging in some cases; and d) financial sector stresses have emerged in many LIDCs, with expectations that these strains will increase in many commodity exporters over the next 12–18 months. Key messages on financial sector oversight, on medium-term fiscal risks, and on tackling infrastructure gaps are flagged below. Read Executive Summary in: Arabic; Chinese; French; Spanish