Publication:
New Private Infrastructure Projects in Developing Countries Continue to Take Place But Projects are Being Affected by the Financial Crisis

dc.contributor.author Izaguirre, Ada Karina
dc.date.accessioned 2012-08-13T13:48:32Z
dc.date.available 2012-08-13T13:48:32Z
dc.date.issued 2009-03
dc.description.abstract Throughout the financial crisis, new private activity has continued to take place in developing countries with projects being tendered and brought to financial closure. In the first months of the full-scale of the financial crisis (Aug-Nov 2008), the rate of project closure was 26 percent lower than in the same period in 2007. However, since then private activity recovered and the project closure rate in Aug-Dec 2008 was just 15 percent lower than in the same period in the previous year. The slowdown reflects an initial impact of the financial crisis which has made financing (both debt and equity) more onerous and difficult to secure. Infrastructure projects are facing higher cost of financing, and lower demand for infrastructure services is beginning to impact some sectors. The major impact to date is projects being delayed, and, to a lesser extent, cancelled. Transport and energy are the worst affected sectors so far, while Europe and Central Asia (ECA) and upper middle income countries are the most affected groups of countries. It is too early to assess the full impact of the crisis on new Public Private Infrastructure (PPI) projects. Financial markets remain volatile while the financial crisis has now turned into a global economic crisis. As the 'flight to quality' sets in for banks and other financiers, the likely impact will be more stringent financial conditions, not only via higher cost of financing but also with lower debt/equity ratios, reduced maturities and more conservative risk allocation structures. en
dc.identifier http://documents.worldbank.org/curated/en/2009/03/11419075/new-private-infrastructure-projects-developing-countries-continue-take-place-projects-being-affected-financial-crisis
dc.identifier.uri http://hdl.handle.net/10986/10991
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries PPI Data Update; Note No. 21
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCESS TO FINANCE
dc.subject AIRPORT
dc.subject AIRPORTS
dc.subject ALTERNATIVE SOURCES OF FUNDING
dc.subject BANK LENDING
dc.subject BIDS
dc.subject CREDIT CRUNCH
dc.subject CREDIT MARKET
dc.subject DEBT
dc.subject DEBT ISSUANCES
dc.subject DECLINE IN INVESTMENT
dc.subject DEVELOPING COUNTRIES
dc.subject DEVELOPING COUNTRY
dc.subject DEVELOPMENT BANK
dc.subject DIRECT FINANCING
dc.subject ECONOMIC CRISIS
dc.subject ECONOMICS
dc.subject EMERGING MARKET
dc.subject EMERGING MARKET ECONOMIES
dc.subject FINANCE COMPANY
dc.subject FINANCE INFRASTRUCTURE
dc.subject FINANCIAL ABILITY
dc.subject FINANCIAL CRISES
dc.subject FINANCIAL CRISIS
dc.subject FINANCIAL MARKETS
dc.subject FREIGHT
dc.subject FREIGHT TRAFFIC
dc.subject INCOME
dc.subject INCOME GROUP
dc.subject INCOME GROUPS
dc.subject INCOMES
dc.subject INFRASTRUCTURE FINANCE
dc.subject INFRASTRUCTURE PROJECTS
dc.subject INSURANCE
dc.subject INSURANCE COMPANIES
dc.subject INTERNATIONAL CAPITAL
dc.subject INTERNATIONAL CAPITAL FLOWS
dc.subject INTERNATIONAL FINANCE
dc.subject INVESTMENT VOLUME
dc.subject INVESTOR INTEREST
dc.subject LOW-INCOME COUNTRIES
dc.subject MARKET CONDITIONS
dc.subject MATURITIES
dc.subject NATIONAL DEVELOPMENT
dc.subject PASSENGER TRAFFIC
dc.subject PRIVATE CAPITAL
dc.subject PRIVATE CAPITAL FLOWS
dc.subject PRIVATE INFRASTRUCTURE
dc.subject PUBLIC BANKS
dc.subject PUBLIC SECTOR BANKS
dc.subject RAILWAYS
dc.subject RETURN
dc.subject SUSTAINABLE DEVELOPMENT
dc.subject TELECOMMUNICATIONS
dc.subject TOLLS
dc.subject TRANSPORT
dc.subject TRANSPORT PROJECTS
dc.subject URBAN DEVELOPMENT
dc.subject USER FEES
dc.title New Private Infrastructure Projects in Developing Countries Continue to Take Place But Projects are Being Affected by the Financial Crisis en
dspace.entity.type Publication
okr.doctype Publications & Research :: Brief
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2009/03/11419075/new-private-infrastructure-projects-developing-countries-continue-take-place-projects-being-affected-financial-crisis
okr.globalpractice Transport and ICT
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000334955_20091127013326
okr.identifier.internaldocumentum 11419075
okr.identifier.report 51763
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/11/27/000334955_20091127013326/Rendered/PDF/517630BRI0PPI01inancialCrisisImpact.pdf en
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Private Sector Development :: Emerging Markets
okr.topic Transport Economics Policy and Planning
okr.topic Finance and Financial Sector Development :: Non Bank Financial Institutions
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.topic Transport
okr.unit Public-Priv Infra Advsry Fcility (PPIAF)
okr.volume 1 of 1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
English PDF
Size:
629.04 KB
Format:
Adobe Portable Document Format
Description:
No Thumbnail Available
Name:
English Text
Size:
35.63 KB
Format:
Plain Text
Description:
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description: