Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks?
Fræðigrein The private sector plays an important role in the economic reconstruction of emerging market economies, and international financial institutions (IFIs) increasingly work in partnership with the private sector to increase economic growth and reduce poverty in those economies. IFIs, for exa...
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ftskemman:oai:skemman.is:1946/8972 2023-05-15T16:46:57+02:00 Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks? Hilmar Þór Hilmarsson Háskóli Íslands 2008-12 application/pdf http://hdl.handle.net/1946/8972 en eng www.stjornmalogstjornsysla.is Stjórnmál og stjórnsýsla, 4 (2) 2008, 113-132 16706803 http://hdl.handle.net/1946/8972 Fjármál Fjárfestingar Einkafyrirtæki Smáþjóðir Fjármálafyrirtæki Ísland Fræðigreinar Article 2008 ftskemman 2022-12-11T06:56:50Z Fræðigrein The private sector plays an important role in the economic reconstruction of emerging market economies, and international financial institutions (IFIs) increasingly work in partnership with the private sector to increase economic growth and reduce poverty in those economies. IFIs, for example, offer: (i) equity financing and/or loans for private sector projects, (ii) investment guarantees against political risks (or non-commercial risks), (iii) technical assistance, and (iv) advisory services, etc. This article will briefly discuss the services that IFIs offer the private sector in emerging markets and cases in which these services could be useful for Icelandic companies. The institutions discussed are (i) the World Bank Group, (ii) the European Bank for Reconstruction and Development (EBRD), (iii) the Asian Development Bank (AsDB), (iv) the Inter-American Development Bank (IDB), and (v) the African Development Bank (AfDB). A few Icelandic firms already have plans for relatively large projects in emerging market economies, especially in the energy sector, some of them in countries that could be classified as being risky. The ongoing economic crisis in Iceland will make project financing in emerging markets more problematic than before and therefore investments in partnership with international financial institutions could be an option that Icelandic firms will increasingly need to consider if they intend to invest abroad. However, increased private sector and IFI partnerships will not happen without government action. Iceland is a member of only two of the above-mentioned IFIs: the World Bank Group and the EBRD. The decision for Iceland to become member of the AsDB, IDB and AfDB rests solely with the government. Further government inaction in this area could become an impediment for foreign direct investment from Iceland to emerging markets and increase risks when the Icelandic private sector invests in those economies. Unnecessary risks might not only hurt Icelandic companies but also put Iceland’s ... Article in Journal/Newspaper Iceland Skemman (Iceland) Handle The ENVELOPE(161.983,161.983,-78.000,-78.000) |
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Skemman (Iceland) |
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English |
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Fjármál Fjárfestingar Einkafyrirtæki Smáþjóðir Fjármálafyrirtæki Ísland Fræðigreinar |
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Fjármál Fjárfestingar Einkafyrirtæki Smáþjóðir Fjármálafyrirtæki Ísland Fræðigreinar Hilmar Þór Hilmarsson Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks? |
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Fjármál Fjárfestingar Einkafyrirtæki Smáþjóðir Fjármálafyrirtæki Ísland Fræðigreinar |
description |
Fræðigrein The private sector plays an important role in the economic reconstruction of emerging market economies, and international financial institutions (IFIs) increasingly work in partnership with the private sector to increase economic growth and reduce poverty in those economies. IFIs, for example, offer: (i) equity financing and/or loans for private sector projects, (ii) investment guarantees against political risks (or non-commercial risks), (iii) technical assistance, and (iv) advisory services, etc. This article will briefly discuss the services that IFIs offer the private sector in emerging markets and cases in which these services could be useful for Icelandic companies. The institutions discussed are (i) the World Bank Group, (ii) the European Bank for Reconstruction and Development (EBRD), (iii) the Asian Development Bank (AsDB), (iv) the Inter-American Development Bank (IDB), and (v) the African Development Bank (AfDB). A few Icelandic firms already have plans for relatively large projects in emerging market economies, especially in the energy sector, some of them in countries that could be classified as being risky. The ongoing economic crisis in Iceland will make project financing in emerging markets more problematic than before and therefore investments in partnership with international financial institutions could be an option that Icelandic firms will increasingly need to consider if they intend to invest abroad. However, increased private sector and IFI partnerships will not happen without government action. Iceland is a member of only two of the above-mentioned IFIs: the World Bank Group and the EBRD. The decision for Iceland to become member of the AsDB, IDB and AfDB rests solely with the government. Further government inaction in this area could become an impediment for foreign direct investment from Iceland to emerging markets and increase risks when the Icelandic private sector invests in those economies. Unnecessary risks might not only hurt Icelandic companies but also put Iceland’s ... |
author2 |
Háskóli Íslands |
format |
Article in Journal/Newspaper |
author |
Hilmar Þór Hilmarsson |
author_facet |
Hilmar Þór Hilmarsson |
author_sort |
Hilmar Þór Hilmarsson |
title |
Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks? |
title_short |
Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks? |
title_full |
Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks? |
title_fullStr |
Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks? |
title_full_unstemmed |
Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks? |
title_sort |
private sector investments from small states in emerging markets: can international financial institutions help handle the risks? |
publishDate |
2008 |
url |
http://hdl.handle.net/1946/8972 |
long_lat |
ENVELOPE(161.983,161.983,-78.000,-78.000) |
geographic |
Handle The |
geographic_facet |
Handle The |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
www.stjornmalogstjornsysla.is Stjórnmál og stjórnsýsla, 4 (2) 2008, 113-132 16706803 http://hdl.handle.net/1946/8972 |
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1766037061642485760 |