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a a Prof. Gary Becker
b Dr Bradley Obred
c Dr Kelly McJames
AN EXPERT OPINION :
REGULATED PROGRAM PROVIDES NON-DEBT CASH FOR MAJOR INFRASTRUCUTURE PROJECTS
ABSTRACT
This paper article is expert opinion about the Regulated program provides non-debt cash for major infrastrucuture projects. Prof. Gary Becker from Chicago business school tells us in this interview on the Oft overlooked, a program that has been in place for several years has been producing cash generated by licensed traders of bank guarantees from top world banks. Projects around the world which require in excess of 200-Million Dollars are candidates for the program. Because of this program, otherwise unfunded projects are able to receive a stream of cash which does not need to be repaid. The Project Infrastructure Funding (PIF) program operates in relative secrecy behind the public’s eye, as it is regulated by both the US Treasury and the International Monetary Fund. Project developers who plan a project have an alternative source which makes the funding highly desirable. Since taxpayer dollars, bond issues and other public money are unnecessary when being funded through the PIF program, projects may be accelerated for ground breaking and construction earlier than the typical time required when funded conventionally.
Keywords: Regulated program, infrastrucuture projects, International Monetary Fund
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