Using covenants in loan agreements to promote tariff reform
This paper evaluates efforts made by development banks to promote tariff reform using covenants in infrastructure loan agreements. These covenants are evaluated within the broader context of tariff regulation in the water supply and sanitation sector. The paper outlines prerequisites for effective t...
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| Veröffentlicht in: | Journal of water, sanitation, and hygiene for development sanitation, and hygiene for development, 2013-01, Vol.3 (3), p.315-321 |
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| container_end_page | 321 |
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| container_title | Journal of water, sanitation, and hygiene for development |
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| creator | FORTIN, Michael |
| description | This paper evaluates efforts made by development banks to promote tariff reform using covenants in infrastructure loan agreements. These covenants are evaluated within the broader context of tariff regulation in the water supply and sanitation sector. The paper outlines prerequisites for effective tariff regulation and reviews the experience with tariff regulation in developing countries and the current thinking regarding regulatory reform. Efforts by development banks to promote tariff regulation using loan covenants are often misdirected in light of the complexity of tariff regulation and the regulatory reform process. |
| doi_str_mv | 10.2166/washdev.2013.059 |
| format | Article |
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| identifier | ISSN: 2043-9083 |
| ispartof | Journal of water, sanitation, and hygiene for development, 2013-01, Vol.3 (3), p.315-321 |
| issn | 2043-9083 2408-9362 |
| language | eng |
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| source | Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Agreements Applied sciences Building economics. Cost Buildings. Public works Developing countries Development banks Distribution. Storage Exact sciences and technology LDCs Loan agreements Regulation Regulatory reform Sanitation Sewerage. Sewer construction Tariffs Water supply Water supply. Pipings. Water treatment |
| title | Using covenants in loan agreements to promote tariff reform |
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