November 2013
Beginner
560 pages
17h 26m
English
This final chapter reviews the direct and indirect effects of the 2008 financial crisis on the project-finance market.
Although banks’ credit losses on project-finance loans were not significant after 2008, liquidity of such loans has been a major issue (§17.2), accentuated by the ‘Basel III’ requirements (§17.3). The encouragement of non-bank lenders into the project-finance market, especially for infrastructure, has been a priority in the countries worst affected by declines in bank lending (§17.4), and improving the credit risk of project-finance transactions is seen as a key part of this process (§17.5). New models for project-finance structures may be relevant in a few ...
Read now
Unlock full access