Why infrastructure financing facilities often fall short of their objectives

To encourage the private funding and provision of infrastructure services, governments have used specialized financing facilities to offer financial support to investors, often in the form of grants, soft loans, or guarantees. The authors present case studies of infrastructure financing facilities in various stages of development in Colombia, India, and Pakistan. They also present case studies of government-sponsored financing facilities (not of infrastructure) in Argentina, and Moldova. They find that these facilities have often fallen short of their objectives for two main reasons. First, the environment was not conducive to private participation in infrastructure because of poor sector policies, an unstable macroeconomic environment, and inadequate financial sector policies, among other reasons. Second, the facility was faulty in design - in terms of sectors targeted, pricing of instruments, and consistency of objectives, and instruments.Decentralization,Banks&Banking Reform,Payment Systems&Infrastructure,Public Sector Economics&Finance,Municipal Financial Management,Municipal Financial Management,Banks&Banking Reform,Housing Finance,Public Sector Economics&Finance,National Governance

Complementary code and digital filtering for detection of weak VHF radar signals from the mesoscale

The SOUSY-VHF-Radar operates at a frequency of 53.5 MHz in a valley in the Harz mountains, Germany, 90 km from Hanover. The radar controller, which is programmed by a 16-bit computer holds 1024 program steps in core and controls, via 8 channels, the whole radar system: in particular the master oscillator, the transmitter, the transmit-receive-switch, the receiver, the analog to digital converter, and the hardware adder. The high-sensitivity receiver has a dynamic range of 70 dB and a video bandwidth of 1 MHz. Phase coding schemes are applied, in particular for investigations at mesospheric heights, in order to carry out measurements with the maximum duty cycle and the maximum height resolution. The computer takes the data from the adder to store it in magnetic tape or disc. The radar controller is programmed by the computer using simple FORTRAN IV statements. After the program has been loaded and the computer has started the radar controller, it runs automatically, stopping at the program end. In case of errors or failures occurring during the radar operation, the radar controller is shut off caused either by a safety circuit or by a power failure circuit or by a parity check system

The mobile Sousy-Doppler radar: Technical design and first results

A mobile VHF Doppler system was developed. The electronic part is installed in a 20 ft container and tested using a special log periodic aerial to illuminate the 300 m dish. The system was extended by designing a mobile phased antenna array with finally 576 Yagi elements. The grouping of the single Yagis, the system of transmission lines, the phase shifters, the power splitters and the T/R switch are described. Results from the first two campaigns and a survey of future programs demonstrating the flexibility of this mobile system are summarized

VHF Radar Observations in the Stratosphere and Mesosphere During a Stratospheric Warming

The SOUSY-VHF-radar was used to carry out measurements during minor and a major stratospheric warming in February and March 1980, respectively. Echoes have been received from the stratosphere up to an altitude of about 30 km continuously during day and night, whereas echoes from the mesosphere were restricted to the daytime and occurred sporadically at different heights within the altitude range from 60 to 90 km. The three dimensional velocity vector was derived from Doppler measurements made in three different antenna beam directions with a height resolution of 1.5 km. In particular, the results obtained during disturbed conditions show the change of the zonal winds at mesospheric heights from westerly to easterly. A spectral analysis reveals a diurnal and a weaker semidiurnal tide of the zonal wind component