Financing private infrastructure projects : emerging trends from IFC's experience.

International Finance Corporation.
Bond, Gary. Carter, Laurence.

1994

1330
CIENA

0-8213-3067-5

GLOSSARY DEFINITIONS. EXECUTIVE SUMMARY. THE INFRASTRUCTURE REVOLUTION. Introduction. IFC's Role. Reasons for the change. IFC'S EXPERIENCE BASE. Pattern of approvals. Financing sources. Financing structures. Project structures and ownership. Foreing sponsors and technical backup. IFC's portfolio. Project completion performance. MANAGING PROJECTS RISKS. Risk analysis from different perspectives. Development phase. Construction risk. Operational risk. Market risk. Foreing exchange risk. Regulatory risk. The role of government in risk management. Summary. MOBILIZING DEBT AND EQUITY FINANCE. The role of commercial debt. New patterns of financing. Developing local capital markets. Link between private infrastructure and capital markets. MANAGING ENVIRONMENTAL RISKS. Environmental risk management. Lessons from IFC's experience. MANAGING PRIVATE ENTRY. Transitional paths. Contractual relationships. Competition as a regulator. Benefits from unbundling. Privatizing existing assets as well. Finding a middle way, and next steps. How IFC can assist. CONCLUSIONS.

Presenta tbls., gráfs. y diagrs.

PAISES EN DESARROLLO; DESARROLLO ECONOMICO; PROYECTOS; FINANCIAMIENTO DE PROYECTOS; SECTOR PRIVADO; FINANCIAMIENTO EXTERIOR;