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		Cross-Sectoral Title: Financing infrastructure in Africa how the region can attract more project finance Author(s): Robert Sheppard; Stephan von Klaudy; Geeta Kumar Posted Date: Wednesday, May 09, 2007 Keywords: balance sheets, Bank loans, banks, bonds, capital markets, commercial banks, creditworthiness, debt, Economics, financial crises, financial institutions, financial markets, foreign exchange, insurance, Privatization, rating agencies, Regulatory Systems, savings, sovereign credit ratings, telecommunications Copyrights: Type: File Decription: Sub-Saharan Africa receives only a small share of private investment in infrastructure. One reason for this is its difficulties in getting project finance—difficulties that stem from the low creditworthiness of most African countries, the limits of local financial markets, and the risk profiles typical of infrastructure projects. Whether the region can attract more private foreign currency funding for infrastructure will depend in part on the ability to reduce foreign exchange risks. But in some countries local currency sources, especially local capital markets, also offer good potential. Download File: Financing infrastructure in Africa how the region can attract more project finance.pdf (1332K)