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

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dc.contributor.authorIzaguirre, Ada Karina
dc.date.accessioned2012-08-13T13:48:32Z
dc.date.available2012-08-13T13:48:32Z
dc.date.issued2009-03
dc.description.abstractThroughout 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.identifierhttp://documents.worldbank.org/curated/en/2009/03/11419075/new-private-infrastructure-projects-developing-countries-continue-take-place-projects-being-affected-financial-crisis
dc.identifier.doi10.1596/10991
dc.identifier.urihttps://hdl.handle.net/10986/10991
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPPI Data Update; Note No. 21
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCE
dc.subjectAIRPORT
dc.subjectAIRPORTS
dc.subjectALTERNATIVE SOURCES OF FUNDING
dc.subjectBANK LENDING
dc.subjectBIDS
dc.subjectCREDIT CRUNCH
dc.subjectCREDIT MARKET
dc.subjectDEBT
dc.subjectDEBT ISSUANCES
dc.subjectDECLINE IN INVESTMENT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANK
dc.subjectDIRECT FINANCING
dc.subjectECONOMIC CRISIS
dc.subjectECONOMICS
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectFINANCE COMPANY
dc.subjectFINANCE INFRASTRUCTURE
dc.subjectFINANCIAL ABILITY
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFREIGHT
dc.subjectFREIGHT TRAFFIC
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINCOMES
dc.subjectINFRASTRUCTURE FINANCE
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL FLOWS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINVESTMENT VOLUME
dc.subjectINVESTOR INTEREST
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMARKET CONDITIONS
dc.subjectMATURITIES
dc.subjectNATIONAL DEVELOPMENT
dc.subjectPASSENGER TRAFFIC
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL FLOWS
dc.subjectPRIVATE INFRASTRUCTURE
dc.subjectPUBLIC BANKS
dc.subjectPUBLIC SECTOR BANKS
dc.subjectRAILWAYS
dc.subjectRETURN
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTELECOMMUNICATIONS
dc.subjectTOLLS
dc.subjectTRANSPORT
dc.subjectTRANSPORT PROJECTS
dc.subjectURBAN DEVELOPMENT
dc.subjectUSER FEES
dc.titleNew Private Infrastructure Projects in Developing Countries Continue to Take Place But Projects are Being Affected by the Financial Crisisen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T09:59:39.687201Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2009/03/11419075/new-private-infrastructure-projects-developing-countries-continue-take-place-projects-being-affected-financial-crisis
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid152651468157511543
okr.identifier.externaldocumentum000334955_20091127013326
okr.identifier.internaldocumentum11419075
okr.identifier.report51763
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/11/27/000334955_20091127013326/Rendered/PDF/517630BRI0PPI01inancialCrisisImpact.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicTransport Economics Policy and Planning
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicTransport
okr.unitPublic-Priv Infra Advsry Fcility (PPIAF)
okr.volume1 of 1
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