来源：世界银行（ＷＢ）
页码：154
编译：可复制

目录
v Abbreviations
vii Acknowledgments
ix Foreword
xi Executive Summary
xvii Management Response
xxv Chairperson’s Summary: Committee on Development Effectiveness (CODE)
xxxi Definitions
1 1 World Bank Group Guarantee Instruments
3 Patterns in Private Investments and the Need for Risk Mitigation
4 The Nature of the Instrument
6 Evolution of WBG Guarantee Instruments
10 Mapping of WBG Guarantee Instruments
16 Summary of Similarities and Differences
18 Conclusion
19 2 Review of the WBG’s Experience with Guarantees
21 MIGA Guarantees
35 World Bank Guarantees
51 IFC Guarantees
62 Conclusion
63 3 The Delivery of PRM Products across the WBG
65 The Market for PRM
66 WBG Political Risk-Mitigation Products
69 Institutional Organization of the Delivery of PRM Products
73 Overlaps, Competition, and Market Niches
77 Cooperation on Projects—Efforts and Results
80 Coordination Mechanisms
85 Improving Delivery: Some Organizational Realignment Options
89 Conclusion
91 4 Recommendations
93 WBG Management
95 MIGA Management
95 Bank Management
96 IFC Management
97 Appendixes
99 A: Evaluation Methodology
101 B: WBG Guarantees Staff Survey
109 Endnotes
113 Bibliography
Boxes
10 1.1: WBG Guarantee Products
58 2.1: GTFP: A New Product in Response to Existing Demand
88 3.1: The 2005 Proposal to Develop Synergies between the World Bank and MIGA
Guarantees
Figures
11 1.1 Structure of IBRD/IDA, IFC, and MIGA Contractual Framework
22 2.1 MIGA’s Gross Exposure, by Country Risk Classification, Fiscal 1990–2007
23 2.2 MIGA Guarantees Issued and Trends
24 2.3 Distribution of Guarantees Issued by Sector (gross exposure), Fiscal 1990–2007
24 2.4 Distribution of Guarantees by Sector (number of contracts) Fiscal 1990–2007
26 2.5 Reasons Given by Clients for Canceling a Guarantee, Based on Guarantee
Contract Cancellations, Fiscal 2001–07
29 2.6 Snapshot of the PRI Market: Total New PRI Business Volumes, Calendar
Years 2001–07
32 2.7 Comparing MIGA’s Market Share with Shares of Other BU-IIC Members
35 2.8 Total World Bank Net Guarantee, by Country Risk Classification, Fiscal
1990–2007
36 2.9 Distribution of IBRD PCGs by Region (net commitment), Fiscal 1990–2007
36 2.10 Distribution of IBRD PCGs by Sector (net commitment), Fiscal 1990–2007
37 2.11 Distribution of IBRD/IDA PRGs by Region (net commitment), Fiscal 1990–2007
37 2.12 Distribution of IBRD/IDA PRGs by Sector (net commitment), Fiscal 1990–2007
47 2.13 PPI Projects in Developing Countries by Sector (1990–2006)
52 2.14 IFC’s Total Net Commitment (excluding GTFP), by Country Risk Classification,
Fiscal 1990–2007
52 2.15 Distribution of IFC Guarantees by Sector (net commitment), Fiscal 1990–2007
54 2.16 Distribution of IFC Guarantees by Region (net commitment), Fiscal 1990–2007
Tables
17 1.1 WBG Guarantee Instruments
31 2.1 MIGA Pricing of Guarantees (2007)
39 2.2 PCGs Enabled Public Agencies to Access Commercial Finance at More
Favorable Terms
43 2.3 Guarantee Facilities Supported by the Bank
48 2.4 IBRD/IDA Pricing of Guarantees (2008)
53 2.5 IFC’s Local Currency Financing
67 3.1 The WBG’s Political Risk-Mitigation Products
68 3.2 Comparisons of the Deployment of WBG Risk-Mitigation Instruments
71 3.3 Potential Synergies of Expertise across the WBG
74 3.4 Comparison of the Main Attributes of the WBG Political Risk-Mitigation
Products
78 3.5 Joint Bank-IFC-MIGA Guarantee Projects
84 3.6 Comparison of WBG Pricing
85 3.7 Benefits of a More Uniform Approach to PRM Pricing
86 3.8 A Simple Comparison among Organizational Options