Assessment of the Impact of the Crisis on New PPI Projects : Update Five
Investment commitments to infrastructure projects with private participation (Private Participation in Infrastructure (PPI) projects) reaching closure in developing countries grew by 22 percent in the third quarter of 2009, and by 10 percent in the...
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| Format: | Brief |
| Language: | English |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/02/11893582/assessment-impact-crisis-new-ppi-projects-update-five http://hdl.handle.net/10986/10939 |
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okr-10986-109392021-04-23T14:02:53Z Assessment of the Impact of the Crisis on New PPI Projects : Update Five World Bank ACCOUNTING BANK LOANS BIDDING BIDDING DOCUMENTS BOND BORROWING COSTS BORROWING REQUIREMENTS CAPITAL MARKET CAPITAL MARKETS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANKS CREDIT AGENCIES DEBT DEBT ISSUANCE DECLINE IN INVESTMENT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DIRECT FINANCING ECONOMICS EQUITY HOLDERS EXPENDITURE EXPORT CREDIT FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL MARKETS GLOBAL ECONOMIC PROSPECTS GROWTH RATES HOLDING INCOME INCOME GROUP INCOME GROUPS INFRASTRUCTURE PROJECTS INITIAL PUBLIC OFFERING INVESTMENT COMMITMENTS INVESTMENT GROWTH INVESTMENT PROGRAMS IPO LENDER LENDERS LIQUIDITY LOAN LOAN MARKET LOAN SYNDICATIONS LOCAL CAPITAL MARKET LOCAL CAPITAL MARKETS LOW-INCOME COUNTRIES MARKET CONDITIONS MARKET ENVIRONMENT MIDDLE-INCOME COUNTRIES NEW MARKET PRIVATE INFRASTRUCTURE PRIVATIZATION PUBLIC BANKS PUBLIC-PRIVATE PARTNERSHIP RETURN RISK AVERSION RISK MANAGEMENT RISK MANAGEMENT STRATEGIES SHARE OF INVESTMENT SHARES OF INVESTMENT SMALL LOAN SUSTAINABLE DEVELOPMENT TELECOMMUNICATIONS TENDERS TRADE VOLUME TRANSPORT URBAN DEVELOPMENT WORLD TRADE Investment commitments to infrastructure projects with private participation (Private Participation in Infrastructure (PPI) projects) reaching closure in developing countries grew by 22 percent in the third quarter of 2009, and by 10 percent in the first three quarters of the year, compared with the same periods of 2008. These growth rates indicate a strong recovery from the 54 percent decline in the second half of 2008 compared with the same period of 2007. But investment grew selectively, concentrated in large energy projects in a few countries: Brazil, India, and Turkey. The Russian Federation, by contrast, saw a sharp decline in investment as a result of the global financial crisis and the end of the RAO UES privatization program. If these four countries were excluded, investment in developing countries would have fallen by 49 percent in the third quarter of 2009, and by 5 percent in the first three quarters, compared with the same periods of 2008. Among sectors, energy was the only one with investment growth in 2009, thanks to activity in greenfield power plants. Across sectors, large projects (US$500 million or more) accounted for the investment growth. Private activity as measured by number of projects remained slower than before the full onset of the financial crisis. The number of projects reaching closure was 27 percent lower in the third quarter of 2009, and 10 percent lower in the first three quarters, than in the same periods of 2008. These trends suggest greater project selectivity. Indeed, the large projects that are reaching closure are characterized by strong economic and financial fundamentals and the backing of financially solid sponsors and governments. 2012-08-13T13:37:47Z 2012-08-13T13:37:47Z 2010-02 http://documents.worldbank.org/curated/en/2010/02/11893582/assessment-impact-crisis-new-ppi-projects-update-five http://hdl.handle.net/10986/10939 English PPI Data Update; Note No. 35 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ 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 |
ACCOUNTING BANK LOANS BIDDING BIDDING DOCUMENTS BOND BORROWING COSTS BORROWING REQUIREMENTS CAPITAL MARKET CAPITAL MARKETS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANKS CREDIT AGENCIES DEBT DEBT ISSUANCE DECLINE IN INVESTMENT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DIRECT FINANCING ECONOMICS EQUITY HOLDERS EXPENDITURE EXPORT CREDIT FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL MARKETS GLOBAL ECONOMIC PROSPECTS GROWTH RATES HOLDING INCOME INCOME GROUP INCOME GROUPS INFRASTRUCTURE PROJECTS INITIAL PUBLIC OFFERING INVESTMENT COMMITMENTS INVESTMENT GROWTH INVESTMENT PROGRAMS IPO LENDER LENDERS LIQUIDITY LOAN LOAN MARKET LOAN SYNDICATIONS LOCAL CAPITAL MARKET LOCAL CAPITAL MARKETS LOW-INCOME COUNTRIES MARKET CONDITIONS MARKET ENVIRONMENT MIDDLE-INCOME COUNTRIES NEW MARKET PRIVATE INFRASTRUCTURE PRIVATIZATION PUBLIC BANKS PUBLIC-PRIVATE PARTNERSHIP RETURN RISK AVERSION RISK MANAGEMENT RISK MANAGEMENT STRATEGIES SHARE OF INVESTMENT SHARES OF INVESTMENT SMALL LOAN SUSTAINABLE DEVELOPMENT TELECOMMUNICATIONS TENDERS TRADE VOLUME TRANSPORT URBAN DEVELOPMENT WORLD TRADE |
| spellingShingle |
ACCOUNTING BANK LOANS BIDDING BIDDING DOCUMENTS BOND BORROWING COSTS BORROWING REQUIREMENTS CAPITAL MARKET CAPITAL MARKETS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL BANKS CREDIT AGENCIES DEBT DEBT ISSUANCE DECLINE IN INVESTMENT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DIRECT FINANCING ECONOMICS EQUITY HOLDERS EXPENDITURE EXPORT CREDIT FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL MARKETS GLOBAL ECONOMIC PROSPECTS GROWTH RATES HOLDING INCOME INCOME GROUP INCOME GROUPS INFRASTRUCTURE PROJECTS INITIAL PUBLIC OFFERING INVESTMENT COMMITMENTS INVESTMENT GROWTH INVESTMENT PROGRAMS IPO LENDER LENDERS LIQUIDITY LOAN LOAN MARKET LOAN SYNDICATIONS LOCAL CAPITAL MARKET LOCAL CAPITAL MARKETS LOW-INCOME COUNTRIES MARKET CONDITIONS MARKET ENVIRONMENT MIDDLE-INCOME COUNTRIES NEW MARKET PRIVATE INFRASTRUCTURE PRIVATIZATION PUBLIC BANKS PUBLIC-PRIVATE PARTNERSHIP RETURN RISK AVERSION RISK MANAGEMENT RISK MANAGEMENT STRATEGIES SHARE OF INVESTMENT SHARES OF INVESTMENT SMALL LOAN SUSTAINABLE DEVELOPMENT TELECOMMUNICATIONS TENDERS TRADE VOLUME TRANSPORT URBAN DEVELOPMENT WORLD TRADE World Bank Assessment of the Impact of the Crisis on New PPI Projects : Update Five |
| relation |
PPI Data Update; Note No. 35 |
| description |
Investment commitments to infrastructure
projects with private participation (Private Participation
in Infrastructure (PPI) projects) reaching closure in
developing countries grew by 22 percent in the third quarter
of 2009, and by 10 percent in the first three quarters of
the year, compared with the same periods of 2008. These
growth rates indicate a strong recovery from the 54 percent
decline in the second half of 2008 compared with the same
period of 2007. But investment grew selectively,
concentrated in large energy projects in a few countries:
Brazil, India, and Turkey. The Russian Federation, by
contrast, saw a sharp decline in investment as a result of
the global financial crisis and the end of the RAO UES
privatization program. If these four countries were
excluded, investment in developing countries would have
fallen by 49 percent in the third quarter of 2009, and by 5
percent in the first three quarters, compared with the same
periods of 2008. Among sectors, energy was the only one with
investment growth in 2009, thanks to activity in greenfield
power plants. Across sectors, large projects (US$500 million
or more) accounted for the investment growth. Private
activity as measured by number of projects remained slower
than before the full onset of the financial crisis. The
number of projects reaching closure was 27 percent lower in
the third quarter of 2009, and 10 percent lower in the first
three quarters, than in the same periods of 2008. These
trends suggest greater project selectivity. Indeed, the
large projects that are reaching closure are characterized
by strong economic and financial fundamentals and the
backing of financially solid sponsors and governments. |
| format |
Publications & Research :: Brief |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Assessment of the Impact of the Crisis on New PPI Projects : Update Five |
| title_short |
Assessment of the Impact of the Crisis on New PPI Projects : Update Five |
| title_full |
Assessment of the Impact of the Crisis on New PPI Projects : Update Five |
| title_fullStr |
Assessment of the Impact of the Crisis on New PPI Projects : Update Five |
| title_full_unstemmed |
Assessment of the Impact of the Crisis on New PPI Projects : Update Five |
| title_sort |
assessment of the impact of the crisis on new ppi projects : update five |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2010/02/11893582/assessment-impact-crisis-new-ppi-projects-update-five http://hdl.handle.net/10986/10939 |
| _version_ |
1764414930479480832 |