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Given that the financing role is often pegged to infrastructure building and the provision of urban services, the Bank’s objectives entail a series of conditions, and these in turn set the basis for repaying loans, the criteria for selecting targets, the choice of on-the-ground actors, and the definition of how participating institutions should interact [ 51 ]. In the financial sector, possible future deleveraging will be more damaging to growth if it involves reducing assets rather than retaining (or raising) equity.

Pages: 304

Publisher: Oxford University Press; 1 edition (August 15, 2008)

ISBN: 0199547033

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