Publication:
Assessment of the Impact of the Crisis on New PPI Projects : Update 5

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dc.contributor.authorIzaguirre, Ada Karina
dc.date.accessioned2012-08-13T13:38:13Z
dc.date.available2012-08-13T13:38:13Z
dc.date.issued2010-02
dc.description.abstractNew private infrastructure activity in developing countries recovered selectively in the third quarter of 2009. This review of new PPI projects sheds some light on recent activity and on the short-term impact of the financial crisis. Projects reaching financial or contractual closure face more difficult financial market conditions. Local state-owned banks, as well as multilateral and bilateral agencies, continue to be key financiers, and infrastructure sponsors are looking for new sources of funding such as local financing. Projects continue to be delayed or, to a lesser extent, canceled. The rate of project closure varies across developing regions, with investment in the third quarter higher in South Asia, stable in Latin America and East Asia and Pacific, and lower in the other three. The rate also varies across country income groups, with investment in the third quarter higher in lower-middle-income countries, stable in upper-middle-income countries, and lower in low-income countries. Greenfield projects continue to show growth in investment (and debt raised), while concessions and divestitures show a decline. Developing countries continue to tender and award new PPI projects. In conclusion, PPI investments have recovered in only few economies. While these success stories have boosted the totals, the vast majority of developing countries remain severely affected by the crisis. If large projects (US$1 billion or more) were excluded, almost all developing regions would have seen investment decline in the first three quarters of 2009 compared with the same period of 2008. South Asia was the only exception, thanks to the high level of activity in India. Among sectors, energy is the only one where investment grew for all project sizes, thanks to the activity in new power plants. There is also evidence of new projects being postponed and canceled because of the financial crisis.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/02/16350064/assessment-impact-crisis-new-ppi-projects-update-5
dc.identifier.doi10.1596/10941
dc.identifier.urihttps://hdl.handle.net/10986/10941
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPPI Data Update, Note No. 35
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectBANK LOANS
dc.subjectBIDDING
dc.subjectBIDDING DOCUMENTS
dc.subjectBOND
dc.subjectBORROWING COSTS
dc.subjectBORROWING REQUIREMENTS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK LENDING
dc.subjectCOMMERCIAL BANKS
dc.subjectCREDIT AGENCIES
dc.subjectDEBT
dc.subjectDEBT ISSUANCE
dc.subjectDECLINE IN INVESTMENT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANK
dc.subjectDIRECT FINANCING
dc.subjectECONOMICS
dc.subjectEQUITY HOLDERS
dc.subjectEXPENDITURE
dc.subjectEXPORT CREDIT
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGROWTH RATES
dc.subjectHOLDING
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINVESTMENT COMMITMENTS
dc.subjectINVESTMENT GROWTH
dc.subjectINVESTMENT PROGRAMS
dc.subjectIPO
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN MARKET
dc.subjectLOAN SYNDICATIONS
dc.subjectLOCAL CAPITAL MARKET
dc.subjectLOCAL CAPITAL 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.subjectRETURN
dc.subjectRISK AVERSION
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT STRATEGIES
dc.subjectSHARE OF INVESTMENT
dc.subjectSHARES OF INVESTMENT
dc.subjectSMALL LOAN
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTELECOMMUNICATIONS
dc.subjectTENDERS
dc.subjectTRADE VOLUME
dc.subjectTRANSPORT
dc.subjectURBAN DEVELOPMENT
dc.subjectWORLD TRADE
dc.titleAssessment of the Impact of the Crisis on New PPI Projects : Update 5en
dspace.entity.typePublication
okr.date.disclosure2012-06-08
okr.date.doiregistration2025-04-29T09:43:54.649753Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/02/16350064/assessment-impact-crisis-new-ppi-projects-update-5
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid819261468180269941
okr.identifier.externaldocumentum000425962_20120608151730
okr.identifier.internaldocumentum16350064
okr.identifier.report69433
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/08/000425962_20120608151730/Rendered/PDF/694330BRI0P11900PUBLIC00PPI0Data035.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.unitFinancial Solutions Unit (FEUFS)
okr.volume1 of 1
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