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Fostering wind power through auctions: the Brazilian experience

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Fostering wind power through auctions: the Brazilian experience
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Editor’s notes


This issue focuses primarily on the various aspects of wind energy though we take time out from that subject for two articles on the oil industry. We will continue with the topic of wind energy in the third quarter issue.

Investing in Water Infrastructure: Capital, Operations and Maintenance (World Bank) 2012

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Investing in Water bytes
World Bank Water Paper, 2012, Diego J. Rodriguez, Caroline van den Berg and Amanda McMahon
All countries face a growing funding gap as they try to keep up with the rehabilitation, operation, and maintenance of aging water infrastructures. New water systems must also be built to cope with growing populations, shifting consumption patterns, and a changing climate. In developing countries, public
and private investment has not kept up with demand for water infrastructure, which increases costs in the long-run.

Contingent liabilities - a threat to fiscal stability

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7
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Contingent liabilities - a threat to fiscal stability
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Contingent government liabilities are associated with major hidden fiscal risks. Thus fiscal adjustment that targets deficit and debt reduction does not necessarily prevent fiscal instability. Banking problems, for example, have often unexpectedly drawn on public resources.
 
Fiscal risks and uncertainties are increasing for four main reasons. Private capital flows are increasing and becoming more volatile. States are moving from financing services to guaranteeing outcomes. Moral hazard in markets is on the rise.

Financing Public-Private Partnerships – Best Practices in Latin America

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Best Practices in PPP Financing in Latin America: the role of subsidy mechanisms
Best Practices in PPP Financing in Latin America: the role of innovative approa…
Best Practices in PPP Financing in Latin America: the role of guarantees
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In partnership with the World Bank Institute (WBI) PPIAF supported a a two-day conference to disseminate the best practices and innovations of Latin American countries' PPP programs in response to the financial crisis.

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