Publication:
Assessment of the Impact of the Crisis on New PPI Projects : Update Six

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-08-13T13:35:36Z
dc.date.available2012-08-13T13:35:36Z
dc.date.issued2010-05
dc.description.abstractInvestment commitments to new infrastructure projects with private participation (PPI projects) reaching closure in developing countries grew by 15 percent in the fourth quarter of 2009 compared with the same period of 2008-and by 15 percent in 2009 as a whole. These growth rates indicate a strong recovery from the 45 percent drop in investment commitments in the second half of 2008 compared with the same period of 2007. But investment continued to grow selectively, concentrated in large energy projects in a few countries-Brazil, China, India, and Turkey. The crisis continues to affect new PPI activity. Some planned projects are still being delayed, restructured, or, to a lesser extent, canceled. Transport continues to be the most affected sector, Europe and Central Asia the most affected region, and low-income countries the most affected country income group. Despite the more difficult environment, developing country governments remain committed to their public-private partnership (PPP) programs, as confirmed by the number of new projects that were being tendered, awarded, or restructured in the fourth quarter of 2009. Commercial bank lending remains constrained, and the choices of investors and financiers continue to reflect the 'flight to quality.' For projects able to raise financing, the conditions are more stringent, with a higher cost of debt, lower debt/equity ratios, shorter tenors, and more conservative structures. But the impact of the crisis has varied across countries, depending on whether there is an active local financial market and whether the government has taken proactive measures to foster liquidity.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/05/12817910/assessment-impact-crisis-new-ppi-projects-update-six
dc.identifier.doi10.1596/10930
dc.identifier.urihttps://hdl.handle.net/10986/10930
dc.languageEnglish
dc.publisherWashington, DC
dc.relation.ispartofseriesPPI Data Update; Note No. 36
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTORS
dc.subjectBANKS
dc.subjectBASIS POINTS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK LENDING
dc.subjectCREDIT AGENCIES
dc.subjectDEBT
dc.subjectDECLINE IN INVESTMENT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDIRECT FINANCING
dc.subjectECONOMIC CRISIS
dc.subjectECONOMICS
dc.subjectEMERGING MARKETS
dc.subjectEQUITY HOLDERS
dc.subjectEXPORT CREDIT
dc.subjectEXTERNAL FUNDING
dc.subjectFINANCIAL ADVISERS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFISCAL DEFICITS
dc.subjectFOREIGN BANKS
dc.subjectGLOBAL TRADE
dc.subjectGROWTH RATES
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINVESTMENT COMMITMENTS
dc.subjectINVESTMENT GROWTH
dc.subjectINVESTMENT PROGRAMS
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOCAL FINANCIAL MARKET
dc.subjectLOCAL FINANCIAL MARKETS
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMARKET CONDITIONS
dc.subjectMARKET ENVIRONMENT
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectNEW MARKET
dc.subjectPRIVATE INFRASTRUCTURE
dc.subjectPRIVATIZATION
dc.subjectPUBLIC BANKS
dc.subjectPUBLIC-PRIVATE PARTNERSHIP
dc.subjectRAPID GROWTH
dc.subjectRENEWABLE ENERGY
dc.subjectSHARE OF INVESTMENT
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTELECOMMUNICATIONS
dc.subjectTRANSPORT
dc.subjectURBAN DEVELOPMENT
dc.titleAssessment of the Impact of the Crisis on New PPI Projects : Update Sixen
dspace.entity.typePublication
okr.date.disclosure2010-09-30
okr.date.doiregistration2025-04-29T09:14:01.120699Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/05/12817910/assessment-impact-crisis-new-ppi-projects-update-six
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid297271468325186512
okr.identifier.externaldocumentum000334955_20100930022952
okr.identifier.internaldocumentum12817910
okr.identifier.report56710
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/09/30/000334955_20100930022952/Rendered/PDF/567100BRI00Box1cial1crisis105104110.pdfen
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.unitPublic-Priv Infra Advsry Fcility (PPIAF)
okr.volume1 of 1
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