Innovative Financing: The Case of India Infrastructure Finance Company
Anna Roy works in the Department of Financial Services within the Ministry of Finance in India. Her essay is on an innovative financial institution set up by the Government of India to help finance PPP projects in infrastructure. Faced with a growing infrastructure deficit, the mobilization of long-tenure debt for an ambitious PPP program posed a major challenge, as the financial institutions in India did not have the required capacity and instruments for this purpose. The Government, therefore, undertook a well-designed intervention aimed at bypassing the extant constraints without compromising the integrity and prudence associated with debt financing.
LanguageEnglish
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RegionSouth Asia