Within institutional economics perspective of project finance, this paper empirically examines the potential influence of factors on debt capacity in project companies when financed through bankdominated financial systems with weak legal, regulatory and political institutions. The econometric results confirm that in order to capture the potential debt capacity of project companies financed thro...

In recent years, several countries in Latin America, and around the world, have met the challenge of developing and expanding critical infrastructure by promoting private sector participation in the infrastructure sectors. Recognizing the relevance of the infrastructure sectors for the economic development of firms and industry and the well-being of the population, and given increasing constrai...

Vives, Antonio. Pension funds in infrastructure project finance : regulations and instrument design / Antonio Vives. " This is a reprint of a paper originally published in May 1999. " p. cm. (Sustainable Development Dept. Technical papers series ; IFM-110) Includes bibliographical references. The opinions expressed herein are the responsibility of the author and do not necessarily represent the...

The unprecedented rise in Foreign Exchange Reserves (FER) in some of the Asian countries raises a concern about their optimal size and appropriate utilization. In India too, in recent months, different ways to utilize FER, in particular, to finance infrastructure, have been debated. The Government of India intends to use a part of its FER for infrastructure financing and has announced a scheme ...

Prompted in part by constrained national budgets, European governments are increasingly partnering with the private sector to underwrite the costs of constructing and operating public hospitals and other health care facilities and delivering services. Through such publicprivate partnerships, governments hope to avoid up-front capital expenditure and to harness private-sector efficiencies, while...