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Author: E. R. Yescombe
Publisher: Academic Press
ISBN: 0124157556
Category : Business & Economics
Languages : en
Pages : 575
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Book Description
The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations. - Provides a basic introduction to project finance and its relationship with other financing techniques - Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements
Author: E. R. Yescombe
Publisher: Academic Press
ISBN: 0124157556
Category : Business & Economics
Languages : en
Pages : 575
Get Book Here
Book Description
The Second Edition of this best-selling introduction for practitioners uses new material and updates to describe the changing environment for project finance. Integrating recent developments in credit markets with revised insights into making project finance deals, the second edition offers a balanced view of project financing by combining legal, contractual, scheduling, and other subjects. Its emphasis on concepts and techniques makes it critical for those who want to succeed in financing large projects. With extensive cross-references and a comprehensive glossary, the Second Edition presents anew a guide to the principles and practical issues that can commonly cause difficulties in commercial and financial negotiations. - Provides a basic introduction to project finance and its relationship with other financing techniques - Describes and explains: sources of project finance; typical commercial contracts (e.g., for construction of the project and sale of its product or services) and their effects on project-finance structures; project-finance risk assessment from the points of view of lenders, investors, and other project parties; how lenders and investors evaluate the risks and returns on a project; the rôle of the public sector in public-private partnerships and other privately-financed infrastructure projects; how all these issues are dealt with in the financing agreements
Author: Priscilla Anita Ahmed
Publisher: World Bank Publications
ISBN: 9780821344347
Category : Business & Economics
Languages : en
Pages : 116
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Book Description
"This report explores the changing face of project finance in developing markets. IFC, and more recently, other multilateral, bilateral, and export credit institutions have played a strong suportive role in bringing project finance to its current volumes. This role was highlighted in 1998, when these institutions sustained flows of an estimated $25 billion at a time when there was an abrupt decline in some types of private flows. IFC, in particular, was a pioneer of project finance in developing countries and has a unique depth of experience in this field, which spans more than 40 years in the practical implementation of some 2000 projects, many of them on a limited-recourse basis. Particularly in today's marketplace, IFC's ability to mobilize finance (both loan and equity for its own account and syndicated loans under its B-loan program), the strength of iis project appraisal capabilities, and its experience in structuring complex transactions in difficult environments have been reassuring to other participants and important to the successful financing of many projects. This report draws on IFC's experience in more than 230 greenfield projects costing upward of $30 billion that relied on project finance on a limited-recourse basis (see Appendix A). It opens with a brief description of the major international trends in project finance over the past two decades and then turns to the essential ingredients of successful project financing."--Publisher abstract.
Author: Andrew Fight
Publisher: Elsevier
ISBN: 0080454682
Category : Business & Economics
Languages : en
Pages : 214
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Book Description
The term "project finance" is now being used in almost every language in every part of the world. It is the solution to infrastructure, public and private venture capital needs. It has been successfully used in the past to raise trillions of dollars of capital and promises to continue to be one of the major financing techniques for capital projects in both developed and developing countries.Project Finance aims to provide: *Overview of project finance*Understanding of the key risks involved in project finance and techniques for mitigating risk*Techniques for effective evaluation of project finance from both a financial and credit perspectiveThe author differentiates between recourse and non-recourse funding, tackles the issues of feasibility, identifies the parties normally involved with project finance plans, and details techniques for realistic cash flow preparation.*Inspired by basic entry level training courses that have been developed by major international banks worldwide*Will enable students, and those already in the finance profession, to gain an understanding of the basic information and principles of project finance*Includes questions with answers, study topics, practical 'real world' examples and an extensive bibliography
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292577646
Category : Business & Economics
Languages : en
Pages : 175
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Book Description
Project economic analysis is a tool used by the Asian Development Bank (ADB) to ensure that ADB operations comply with its Charter. The guidelines in this publication are a revised version of the 1997 edition. The revision responds to the changing development context and ADB operational priorities, and aims to address the recommendations of the ADB Quality-at-Entry Assessments for more methodological work on project economic analysis. The revised guidelines provide general principles for the conduct of project economic analysis, and should be read together with handbooks, technical reports, and other reference materials published by ADB dealing with sector-specific project economic analysis in detail.
Author: Hilary Devine
Publisher: International Monetary Fund
ISBN: 1513571567
Category : Business & Economics
Languages : en
Pages : 161
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Book Description
The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.
Author: Ingo Walter
Publisher: Open Book Publishers
ISBN: 1783742968
Category : Business & Economics
Languages : en
Pages : 130
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Book Description
Infrastructure and its effects on economic growth, social welfare, and sustainability receive a great deal of attention today. There is widespread agreement that infrastructure is a key dimension of global development and that its impact reaches deep into the broader economy with important and multifaceted implications for social progress. At the same time, infrastructure finance is among the most complex and challenging areas in the global financial architecture. Ingo Walter, Professor Emeritus of Finance, Corporate Governance and Ethics at the Stern School of Business, New York University, and his team of experts tackle the issue by focussing on key findings backed by serious theoretical and empirical research. The result is a set of viable guideposts for researchers, policy-makers, students and anybody interested in the varied challenges of the contemporary economy.
Author: Stefano Gatti
Publisher: Academic Press
ISBN: 0123919460
Category : Business & Economics
Languages : en
Pages : 495
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Book Description
Stefano Gatti describes the theory that underpins this cutting-edge industry, and then provides illustrations and examples from actual practice to illustrate that theory.
Author: John E. Triantis
Publisher: John Wiley & Sons
ISBN: 1119486084
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
Raise the skill and competency level of project finance organizations Project Finance for Business Development helps readers understand how to develop a competitive advantage through project finance. Most importantly, it shows how different elements of project finance, such as opportunity screening and evaluation, project development, risk management, and due diligence come together to structure viable and financeable projects—which are crucial pieces missing from the current literature. Eliminating misconceptions about what is really important for successful project financings, this book shows you how to develop, structure, and implement projects successfully by creating competitive advantage. By shedding light on project finance failures, it also helps you avoid failures of your own. • Offers a roadmap for successful financing, participant roles and responsibilities, and assessing and testing project viability • Considers project finance from a broad business development and competitive advantage • Provides a strategic decision-forecasting perspective • Delves deeper than existing treatments of project finance into decisions needed to create and implement effective financing plans Helping readers develop, structure, and implement projects successfully by creating competitive advantage, this book is a useful tool for project sponsors and developers, helping them structure and implement projects by creating competitive advantage.
Author: Charles Harvey (M.A.)
Publisher:
ISBN:
Category : Social Science
Languages : en
Pages : 196
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Book Description
Author: Sean C. Keough
Publisher: Independently Published
ISBN: 9781717966995
Category : Business & Economics
Languages : en
Pages : 176
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Book Description
This book contains a few of the critical financial management tools and lessons that entrepreneurs, investors and financial professionals need to succeed when doing business in developing markets.⟨br⟩Since moving to Addis Ababa in 2014, I have worked as an investor, advisor and owner-operator in Ethiopia, one of the world''s most exciting developing markets. I now co-manage Ethiopia Investments Ltd., a permanent capital investment vehicle focused on Ethiopia, and serve as General Manager for EQOS Global, Ethiopia''s first dedicated business process outsourcing (BPO) company.⟨br⟩This book has five chapters:* Chapter 1 - My Path to Ethiopia, One of the World''s Most Exciting Developing Markets* Chapter 2 - Why Financial Management Matters More in Developing Markets* Chapter 3 - The Forecast Financial Model* Chapter 4 - Sensitivity Analysis and Other Key Analyses* Chapter 5 - Final Advice for Entrepreneurs in Developing Markets⟨br⟩Chapter 2 walks through issues that are unique to the business environments of developing markets and how they are different than issues faced by companies in more developed markets: * Handling currency devaluations, * Setting dynamic pricing strategies* Managing the treasury function between home and base currencies* Understanding burn-rate* Planning for inflation shocks* Managing net working capital defensively* Forecasting raw materials needs* Planning for supply chain shocks* Forecasting market demands* Planning for flexible tax impacts* And many more...⟨br⟩Chapter 3 includes a detailed walk-through of a Microsoft Excel-based financial model that considers treatment of the issues discussed in Chapter 2.⟨br⟩Chapter 4 makes use of the Microsoft Excel-based financial model to give you greater control and understanding over the variables that impact your business. This chapter will help you answer questions like, "How does the change in the price of my products on the export market impact my cash burn-rate in my home market?" or "How would a large currency devaluation impact the price that an investor would pay for a stake of equity in my business?"⟨br⟩Finally, Chapter 5 includes advice for entrepreneurs, both local and expat, thinking about what it would take to set-up shop in a developing market. ⟨br⟩I wrote this book with the following six audiences in mind:* Entrepreneurs - This book is for entrepreneurs in developing markets who are either in the process of setting up a new business or considering it. A developing entrepreneur can be either a local entrepreneur or an immigrant (expat) entrepreneur and the advice in this book will be helpful no matter where you are from.* Investors - This book is for investors who are focused on developing markets and hoping to understand how the approach that works in more developed markets may look completely different for developing markets. * Financial professionals - This book is also for financial professionals such as CFOs, Finance Managers and Financial Analysts looking to understand how business practices in developing economies differ from more developed markets. * Investment Advisors - This book is also for investment advisors building advisory practices in developing countries who are hoping to bridge the gap between developing and developed markets.* Students - This book is also for students, both formal and informal, looking to learn more about business in developing countries. * Professionals - Finally, this book is for professionals interested in learning more about doing business in developing countries. ⟨br⟩This is the book that I wish I had when left my investment banking job and got on the plane from San Francisco to Addis Ababa in January 2014. Every lesson in this book has been learned by my team and me, sometimes painfully, and I hope that you find it to be helpful for you as you take on similar challenges, no matter where you are trying to operate.
