Another Lost Decade? Effects of the Financial Crisis on Project Finance for Infrastructure
Rapid growth in project finance, driven by huge increases in liquidity, helped fuel the gains in private participation in infrastructure (PPI) in developing countries in the past decade. But when the financial crisis hit, the excess liquidity began...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2009/06/11401951/another-lost-decade-effects-financial-crisis-project-finance-infrastructure http://hdl.handle.net/10986/10541 |
| id |
okr-10986-10541 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-105412021-04-23T14:02:51Z Another Lost Decade? Effects of the Financial Crisis on Project Finance for Infrastructure Leigland, James Russell, Henry AFFORDABLE INTEREST RATES ASSET-BACKED SECURITIES ASSETS BALANCE SHEET BALANCE SHEETS BANK CREDIT BANKING NETWORKS BANKING PRACTICES BANKING REGULATIONS BOND BOND ISSUANCE BOND ISSUE BOND MARKETS BONDS BORROWER BORROWING CAPITAL MARKETS CASH FLOWS COMMERCIAL DEBT COMMERCIAL FINANCE CONCESSION CONTINGENT LIABILITIES CREDIBILITY CREDIT CRUNCH CREDIT LINES CREDIT RATING CREDIT RATINGS CREDIT RISK DEBT DEBTS DEVELOPING COUNTRIES DUE DILIGENCE ECONOMICS EMERGING MARKETS EXCESS LIQUIDITY FINANCE INITIATIVE FINANCIAL BURDENS FINANCIAL CRISIS FINANCING COSTS GLOBAL BANKING GOVERNMENT BUDGETS HOLDING INFRASTRUCTURE FINANCE INFRASTRUCTURE INVESTMENT INSURANCE INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL CREDIT INTERNATIONAL CREDIT RATINGS INVESTMENT FUNDS KINDS OF ASSET LENDER LENDERS LENDING DECISIONS LIQUIDITY LOAN LOAN SYNDICATION LOCAL BANKS LOCAL INFRASTRUCTURE LONG-TERM INVESTORS MARKET LEVEL MERCHANT MORTGAGE NEGOTIATIONS PLEDGES POTENTIAL LENDERS PRIVATE BANKS PRIVATE FINANCE PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATIZATION PUBLIC FINANCING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RESERVE RETURN RISK SHARING SECONDARY MARKET SECURITIES SECURITIZATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSPORT URBAN DEVELOPMENT Rapid growth in project finance, driven by huge increases in liquidity, helped fuel the gains in private participation in infrastructure (PPI) in developing countries in the past decade. But when the financial crisis hit, the excess liquidity began to dry up as lenders backed away from practices that had helped generate it. The effects are already apparent in greater delays in financial closures, more cancellations, and higher financing costs for PPI projects. If full recovery of the project finance market takes much longer than expected, some of the measures that are now being adopted to avoid shutting down project pipelines might have unintended and very negative consequences. 2012-08-13T11:58:43Z 2012-08-13T11:58:43Z 2009-06 http://documents.worldbank.org/curated/en/2009/06/11401951/another-lost-decade-effects-financial-crisis-project-finance-infrastructure http://hdl.handle.net/10986/10541 English Gridlines; No. 48 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AFFORDABLE INTEREST RATES ASSET-BACKED SECURITIES ASSETS BALANCE SHEET BALANCE SHEETS BANK CREDIT BANKING NETWORKS BANKING PRACTICES BANKING REGULATIONS BOND BOND ISSUANCE BOND ISSUE BOND MARKETS BONDS BORROWER BORROWING CAPITAL MARKETS CASH FLOWS COMMERCIAL DEBT COMMERCIAL FINANCE CONCESSION CONTINGENT LIABILITIES CREDIBILITY CREDIT CRUNCH CREDIT LINES CREDIT RATING CREDIT RATINGS CREDIT RISK DEBT DEBTS DEVELOPING COUNTRIES DUE DILIGENCE ECONOMICS EMERGING MARKETS EXCESS LIQUIDITY FINANCE INITIATIVE FINANCIAL BURDENS FINANCIAL CRISIS FINANCING COSTS GLOBAL BANKING GOVERNMENT BUDGETS HOLDING INFRASTRUCTURE FINANCE INFRASTRUCTURE INVESTMENT INSURANCE INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL CREDIT INTERNATIONAL CREDIT RATINGS INVESTMENT FUNDS KINDS OF ASSET LENDER LENDERS LENDING DECISIONS LIQUIDITY LOAN LOAN SYNDICATION LOCAL BANKS LOCAL INFRASTRUCTURE LONG-TERM INVESTORS MARKET LEVEL MERCHANT MORTGAGE NEGOTIATIONS PLEDGES POTENTIAL LENDERS PRIVATE BANKS PRIVATE FINANCE PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATIZATION PUBLIC FINANCING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RESERVE RETURN RISK SHARING SECONDARY MARKET SECURITIES SECURITIZATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSPORT URBAN DEVELOPMENT |
| spellingShingle |
AFFORDABLE INTEREST RATES ASSET-BACKED SECURITIES ASSETS BALANCE SHEET BALANCE SHEETS BANK CREDIT BANKING NETWORKS BANKING PRACTICES BANKING REGULATIONS BOND BOND ISSUANCE BOND ISSUE BOND MARKETS BONDS BORROWER BORROWING CAPITAL MARKETS CASH FLOWS COMMERCIAL DEBT COMMERCIAL FINANCE CONCESSION CONTINGENT LIABILITIES CREDIBILITY CREDIT CRUNCH CREDIT LINES CREDIT RATING CREDIT RATINGS CREDIT RISK DEBT DEBTS DEVELOPING COUNTRIES DUE DILIGENCE ECONOMICS EMERGING MARKETS EXCESS LIQUIDITY FINANCE INITIATIVE FINANCIAL BURDENS FINANCIAL CRISIS FINANCING COSTS GLOBAL BANKING GOVERNMENT BUDGETS HOLDING INFRASTRUCTURE FINANCE INFRASTRUCTURE INVESTMENT INSURANCE INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL CREDIT INTERNATIONAL CREDIT RATINGS INVESTMENT FUNDS KINDS OF ASSET LENDER LENDERS LENDING DECISIONS LIQUIDITY LOAN LOAN SYNDICATION LOCAL BANKS LOCAL INFRASTRUCTURE LONG-TERM INVESTORS MARKET LEVEL MERCHANT MORTGAGE NEGOTIATIONS PLEDGES POTENTIAL LENDERS PRIVATE BANKS PRIVATE FINANCE PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATIZATION PUBLIC FINANCING PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RESERVE RETURN RISK SHARING SECONDARY MARKET SECURITIES SECURITIZATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSPORT URBAN DEVELOPMENT Leigland, James Russell, Henry Another Lost Decade? Effects of the Financial Crisis on Project Finance for Infrastructure |
| relation |
Gridlines; No. 48 |
| description |
Rapid growth in project finance, driven
by huge increases in liquidity, helped fuel the gains in
private participation in infrastructure (PPI) in developing
countries in the past decade. But when the financial crisis
hit, the excess liquidity began to dry up as lenders backed
away from practices that had helped generate it. The effects
are already apparent in greater delays in financial
closures, more cancellations, and higher financing costs for
PPI projects. If full recovery of the project finance market
takes much longer than expected, some of the measures that
are now being adopted to avoid shutting down project
pipelines might have unintended and very negative consequences. |
| format |
Publications & Research :: Brief |
| author |
Leigland, James Russell, Henry |
| author_facet |
Leigland, James Russell, Henry |
| author_sort |
Leigland, James |
| title |
Another Lost Decade? Effects of the Financial Crisis on Project Finance for Infrastructure |
| title_short |
Another Lost Decade? Effects of the Financial Crisis on Project Finance for Infrastructure |
| title_full |
Another Lost Decade? Effects of the Financial Crisis on Project Finance for Infrastructure |
| title_fullStr |
Another Lost Decade? Effects of the Financial Crisis on Project Finance for Infrastructure |
| title_full_unstemmed |
Another Lost Decade? Effects of the Financial Crisis on Project Finance for Infrastructure |
| title_sort |
another lost decade? effects of the financial crisis on project finance for infrastructure |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/06/11401951/another-lost-decade-effects-financial-crisis-project-finance-infrastructure http://hdl.handle.net/10986/10541 |
| _version_ |
1764413473527169024 |