Los Etfs en el financiamiento de las plantas desaladoras de agua

The scarcity of water becomes a priority issue of world order, and to ensure its sufficiency and timeliness, it requires strong investments in hydraulic infrastructure that allow safe drinking water to the population. The mechanisms and methodologies for making responsible investments draw the atten...

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Bibliographic Details
Main Author: Mendieta Alonso, María de los Ángeles (author)
Other Authors: Morales Castro, Arturo (author)
Format: article
Language:spa
Published: 2021
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Online Access:http://repositorio.ulvr.edu.ec/handle/44000/4226
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Summary:The scarcity of water becomes a priority issue of world order, and to ensure its sufficiency and timeliness, it requires strong investments in hydraulic infrastructure that allow safe drinking water to the population. The mechanisms and methodologies for making responsible investments draw the attention of public and private companies that seek to place their capital in socially committed and environmentally sustainable investments. In this context, the main objective of this research seeks to compare the profitability of financial instruments known as ETFS bonds against traditional financing schemes or mostly used, such as bank credit or the placement of shares and, in the case of investments of Governments, the use of fiscal resources. The Los Cabos B.S.C desalination plant was taken as the basis of study, whose infrastructure is developed and operational, with a public-private partnership. The results showed that ETFS bonds are viable instruments to finance this type of project, since they offered a lower financing cost than other sources of investment analyzed in a comparative way.