Wechua Development Bank
The Wechua Development Bank (WDB) is the government bond issuer, intragovernmental bank, fiscal agent, and financial advisor of the Government of the Wechua Nation.
The bank, along with its subsidiaries and affiliates, serves as the principal entity through which the Wechua Nation channels its issuance of bonds. As an overview, the different executive agencies of the government of the Wechua Nation and its government-owned corporations either issue bonds with the bank as a proxy or owe debt to the bank itself (as the bank is a government-owned corporation as well).
Organization
Bonds issued by the Wechua Development Bank and its subdivisions are exempt from taxes. Wechua bonds uphold such exemptions regardless of where the bondholder resides. This has made Wechua bonds extremely attractive in national and international bond markets.
Affiliates and Subsidiaries
| Entity | Common name | Type | Responsibility |
|---|---|---|---|
| Authority for the Financing of the Infrastructure of the Wechua Nation | AFI | Affiliate | Infrastructure |
| National Children's Trust Fund | NACTF | Affiliate | Childhood improvements, construction of schools, nurseries, and financing for private entities on child and mother health care. |
| Housing Finance Authority | HFA | Subsidiary | Housing construction, subsidies, and ownership incentives. |
| Public Financing Corporation | PFC | Subsidiary | General obligation bonds. |
| Public-Private Partnerships Authority | PPPA | Affiliate | Public-private partnerships. |
| Tourism Development Fund | TDF | Affiliate | Tourism and hotel industry. |
