How large is the borrowing cost advantage of state-owned enterprises?
The authors provide new evidence of lower borrowing costs for state-owned enterprises (SOEs). Utilizing ORBIS ownership data matched to financing transactions in syndicated loan and bond markets, regressions and propensity score matching estimates confirm the lower financing costs for SOEs in both advanced and developing economies when compared to the private sector.
Bolstering the path out of the debt crisis in Africa through domestic resource mobilization
The percentage of Africa’s debt to GDP has been steadily increasing in recent years, exacerbated by the fact that the increase in borrowing has not been matched by an increase in revenue. This paper outlines a few policy suggestions that might aid African nations in strengthening fiscal capability and DRM.
Climate risks in Latin America and the Caribbean: Are banks ready for the green transition?
This paper starts by analysing climate risks in Latin America and the Caribbean following the methodology developed by Ferrazzi et al. Then expand the analysis to understand what these risks imply for the financial sector. It focus on banks, as they represent the bulk of financial intermediation in the region.
European Investment Bank Group Risk Management Disclosure Report 2022
Following on from the above, the EIB’s Group Risk Management Disclosure Report (‘GRMDR’) has been prepared in line with the prudential disclosure requirements as set out in Articles 431 to 455 of Part Eight of CRR II1 , which became applicable in June 2021, and the related technical standards, guidelines and opinions of the European Banking Authority (‘EBA’), as applicable to the EIB and which are relevant and compatible with the EIB’s statutory framework and business model.
Carbon Pricing and Fossil Fuel Subsidy Rationalization Tool Kit
ADB has developed this tool kit and road map, which outlines the key steps, challenges, and relevant country experiences for all three elements of getting carbon prices right. Drawing on existing research and knowledge products, this policy brief will help policymakers in ADB DMCs appreciate the landscape and, more importantly, the interplay of carbon pricing instruments and fossil fuel subsidies, as well as understand how these policies synergize or conflict with each other and broader environmental goals.
Estimating and mapping natural hazards and risk reduction provided by coastal ecosystems
This report presents two case studies in which coastal vulnerability modeling was used to quantify the role those coastal ecosystems play in reducing risk to coastal communities now and with future sea-level rise. These analyses were used to inform post-disaster reconstruction and coastal resilience building efforts as well as climate change adaptation strategies.
Increasing market acceptance – ELTI position paper on the targeted recast of the EU Financial Regulation
Due to the absence of impact assessment the effect of the proposed changes on EU Financial Instruments and the benefit of a greater reliance on Implementing Partners was not estimated. In this context, the ELTI association would like to highlight proposals, as outlined further below, based on the practical experience of National Promotional Banks and Institutions (NPBIs) which are implementing partners (IPs) of EU funds, operating directly and/or with financial intermediaries.
Honour loans: a comprehensive mechanism to foster development by supporting MSMEs – ICReport in the series on Innovative Finances
The honour loans mechanism is a multidimensional one combining financing free of interest or requirement for securities or guarantees, with support to entrepreneurs. It has several benefits for entrepreneurs. They are a complement to the local financial ecosystem and thus contribute to filling the finance gap. They can be integrated into national long-term public policies to support MSMEs and adapted to regional programmes.
What drives firms’ investment in climate change? Evidence from the 2022-2023 EIB Investment Survey
This report draws from data collected for the EIB Investment Survey 2022-2023. It examines the willingness of European firms to address climate change in the current context of the energy crisis. First, it presents the answers provided by firms across the European Union to a set of questions on energy and climate change. Then, it goes more in-depth by providing firms’ answers in each EU country.
What drives firms’ investment in climate change?: Evidence from the 2022-2023 EIB Investment Survey
This report draws from data collected for the EIB Investment Survey 2022-2023. It examines the willingness of European firms to address climate change in the current context of the energy crisis. First, it presents the answers provided by firms across the European Union to a set of questions on energy and climate change. Then, it goes more in-depth by providing firms’ answers in each EU country.