Assessment of the Impact of the Crisis on New PPI Projects : Update 5
New 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 reach...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/02/16350064/assessment-impact-crisis-new-ppi-projects-update-5 http://hdl.handle.net/10986/10941 |
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okr-10986-109412021-04-23T14:02:53Z Assessment of the Impact of the Crisis on New PPI Projects : Update 5 Izaguirre, Ada Karina 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 New 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. 2012-08-13T13:38:13Z 2012-08-13T13:38:13Z 2010-02 http://documents.worldbank.org/curated/en/2010/02/16350064/assessment-impact-crisis-new-ppi-projects-update-5 http://hdl.handle.net/10986/10941 English PPI Data Update, Note No. 35 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 |
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 Izaguirre, Ada Karina Assessment of the Impact of the Crisis on New PPI Projects : Update 5 |
| relation |
PPI Data Update, Note No. 35 |
| description |
New 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. |
| format |
Publications & Research :: Brief |
| author |
Izaguirre, Ada Karina |
| author_facet |
Izaguirre, Ada Karina |
| author_sort |
Izaguirre, Ada Karina |
| title |
Assessment of the Impact of the Crisis on New PPI Projects : Update 5 |
| title_short |
Assessment of the Impact of the Crisis on New PPI Projects : Update 5 |
| title_full |
Assessment of the Impact of the Crisis on New PPI Projects : Update 5 |
| title_fullStr |
Assessment of the Impact of the Crisis on New PPI Projects : Update 5 |
| title_full_unstemmed |
Assessment of the Impact of the Crisis on New PPI Projects : Update 5 |
| title_sort |
assessment of the impact of the crisis on new ppi projects : update 5 |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2010/02/16350064/assessment-impact-crisis-new-ppi-projects-update-5 http://hdl.handle.net/10986/10941 |
| _version_ |
1764414937350799360 |