Infrastructure project finance and capital flows : a new perspective

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Infrastructure project finance and capital flows : a new perspective, Volume 1

Author:	Dailami, Mansoor; Leipziger, Danny;	Collection Title:	Policy, Research working paper ; no. WPS 1861
Date Stored:	1997/12/01	Document Date:	1997/12/31
Document Type:	Policy Research Working Paper	Language:	English
Major Sector:	Transportation	Report Number:	WPS1861
Sub Sectors:	Other Transportation	SubTopics:	Environmental Economics & Policies; International Terrorism & Counterterrorism; Payment Systems & Infrastructure; Economic Theory & Research; Banks & Banking Reform; Financial Intermediation; Public Sector Economics
Volume No:	1

Summary: The success with which middle-income indebted developing countries have gained access to private international finance in the 1990s is a tribute to their own domestic economic performance, international policy in dealing with the debt crisis of the 1980s, and innovation in international financial markets. Emphasizing the role of private infrastructure investment as a vehicle for attracting foreign capital to developing countries in the 1990s, the authors develop an analysis model to examine what determines the credit-risk premium on infrastructure projects in the country-risk environment of developing countries. They also provide tentative quantitative evidence of the importance of macroeconomic and project-specific attributes of project risk. Their key finding is that the market seems to impose a high-risk premium on loans to countries with high inflation and to projects in the road sector.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 36 pages	Official version*	2.52 (approx.)
	Text	Text version**


Light-Weight Documents Lighter (less MB) documents which may or may not be the final, official version
File Type		Description	File Size (mb)

	PDF 32 pages	WPS1861	0.09

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