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This book explores advancements in the financing of infrastructure projects, moving beyond traditional government and multilateral funding to innovative approaches involving private, commercial, and philanthropic investors. It synthesizes developments in project finance, sustainable debt, thematic bonds, and risk mitigation strategies. The authors aim to provide a comprehensive understanding of various financing elements, offering insights for academic institutions, research scholars, and industry stakeholders in finance, development economics, public policy, and business management.
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Evaluación de proyectos. --- Project finance. --- Evaluacion de proyectos.
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How the relative development of a country's stock market and banking system affects firms' growth is closely tied to how well developed the country's contracting environment is. How differences in the contracting environment affect the relative development of the stock market or banking system may have implications for which firms and which projects get financing.
Banks and banking. --- Business enterprises. --- Project finance. --- Stock exchanges.
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Risk shifting and incomplete contracting lie at the heart of the agency relationship inherent in the procurement and financing of large-scale projects such as power plants, oil and gas pipelines, and liquefied natural gas facilities. An investigation of Ras Gas bonds provides empirical evidence of the risk-shifting consequences of contractual incompleteness.
Bonds --- Incomplete contracts --- Project finance --- Public utilities --- Risk
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At a time when traditional funding is diminishing and costs increasing, the need to look to new external sources of money is now central to survival for many organizations. New avenues of funding often demand a new outlook, and old ways of thinking can prove to be barriers to success. This book looks not only at methods for raising funds, providing practical steps in preparing for new funding initiatives, but also at the attitudes and mind-sets that form part of the whole picture. The volume is concise and accessible, with plans of action, bullet lists and diagrams for ease of consultation.
Fund raising --- Project finance --- Fundraising --- Money raising --- Prospecting (Fund raising) --- Fund raisers (Persons) --- Social service --- Finance
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In infrastructure projects bondholders and shareholders share residual risks over time despite debt covenants meant to mitigate risk shifting. For projects accessing international bond markets to benefit from longer maturities and lower borrowing costs, it is therfore necessary to pay attention to such design features as capital structure, guarantees, off-take agreement, and project economics.
Bond market. --- Capital market. --- Economic development projects --- Infrastructure (Economics) --- Project finance. --- Risk. --- Finance.
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John J. McCloy, President of the International Bank for Reconstruction and Development, discussed the appropriate function of the Bank. It cannot be the overall financer of global balance of payment deficits. It can finance economically strategic and productive projects. It can be the bridge between government and private financing, and thereby complement the Marshall Plan. He discussed administration of the Marshall Plan and national self-interest. The opportunity afforded by recovery of Europe and its closer integration remains the first and most promising objective to achieve.
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