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Aid Securitization : Beyond IFFlm / Suhas Ketkar.
- Format:
- Book
- Government document
- Author/Creator:
- Ketkar, Suhas, author.
- Series:
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.127.
- UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.127
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource.
- Place of Publication:
- New York : United Nations, 2012.
- System Details:
- text file
- Summary:
- The International Finance Facility for Immunization (IFFIm), which securitized future aid commitments by donor countries, has been successful in providing funds to immunize children in poor countries. Since capital is likely to remain scarce, the paper evaluates the prospects of setting up IFFIm-like mechanisms to fund a variety of objectives. Two broad conclusions emerge. First, replicating IFFIm could prove challenging because donor pledges will lack the desired credibility. Second, credit enhancements like third party guarantees, excess coverage, and channeling of pledges through a preferred creditor, could overcome this deficiency. Finally, Advance Market Commitments and Cash on Delivery are alternatives to deliver some of the advantages of IFFIm.
- Access Restriction:
- Restricted for use by site license.
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