Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014. Read more at www.gib-foundation.org. Next Summit: 27 & 28 May 2015 in Switzerland

1. CityCreditworthinessAcademy
The Case for City Creditworthiness
4%in international
markets
<20%in domestic
markets
Of the 500 largest cities in developing countries, only a small percentage are
deemed creditworthy
Enhance creditworthiness to enable direct access to capital markets
$1.3 tn/year
Financing Needed
Capital Markets Seeking
Long Term, Creditworthy Investments

2. CityCreditworthinessAcademy
Performance-Based
Concessional Financing
Small/Pilot PPP Project
Hybrid Financing
Small Commercial Financing
Medium Term Maturity (1-3 yrs)
Larger PPP
Project
Larger Market-Based Loan
w/Credit Enhancements
Pooled Bond
Investment Grade
CREDITWORTHINESS
Full Access to
Domestic/Regional
Capital Markets
The Road To Creditworthiness Is Paved with Good Transactions
National Level:
City Level:
Private Sector:
Parallel Levels
of Action
Regulatory
Framework
Supply-side
Engagement
Performance
Improvements
Pilot Transactions
for Replication
at City/Country/Regional
Levels

3. TheLowCarbonLivableCitiesInitiative
Objective
The City Creditworthiness Initiative
Help 300 cities become creditworthy and structure creditworthy financing transactions
for infrastructure leading to low carbon and climate resilient development. The initiative
will also address the enabling environment for creditworthy city financing.
3 AFR
Creditworthiness Academies
5 SAR/EAP
Creditworthiness Academies
1 LAC
Creditworthiness Academy
2 ECA/MNA
Creditworthiness Academies
• Creditworthiness
Improvement Assistance
• Support for Creditworthy
Financing Transactions
5-Year Programs
City
Creditworthiness
Academies
City
Creditworthiness
Action Plans
City
Creditworthiness
Programs
Climate Smart
Investments
300
City Creditworthiness
Action Plans
( ~ 5 cities per country)
Climate Smart
Investments

4. CityCreditworthinessAcademy
Partnering with the City Creditworthiness Initiative
Identify
cities to
participate
Support for
Academies
Support for
Action
Planning
Creditworthiness
improvement
assistance
Support for
creditworthy
transactions
City
Creditworthiness
Academies
City
Creditworthiness
Action Plans
City
Creditworthiness
Programs
Climate Smart
Investments

5. CityCreditworthinessAcademy
Thank you!
https://collaboration.worldbank.org/groups/city-credit-worthiness
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