The Role of Developing Country Firms in Infrastructure : New Data Confirm the Emergence of a New Class of Investors

Developing country investors have emerged as a major source of investment finance for infrastructure projects with private participation. This update of the article in 2006, shows that, indeed, during 1998-2006 these investors accounted for more of this finance in South Asia and East Asia and Pacific, and for more in transport across developing regions than did investors from developed countries. Even though the policy implications are not yet fully clear for policy makers, this development suggests a need to rethink the criteria used in selecting investors in schemes for private participation, which have been biased toward large international operators.

Bibliographic Details

Main Authors:	Schur, Michael, Klaudy, Stephan von, Pushak, Nataliya, Sanghi, Apurva, Dellacha, Georgina
Language:	English
Published:	World Bank, Washington, DC 2008-06
Subjects:	ACCOUNTING, ARBITRATION, BOT, CAPITAL MARKETS, COLLUSION, CORPORATIONS, COUNTRY INVESTORS, DEBT, DEREGULATION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING COUNTRY INVESTORS, EMERGING MARKETS, ENVIRONMENTAL PROTECTION, EQUITY CAPITAL, EXPOSURE, FOREIGN EXCHANGE, FOREIGN EXCHANGE RISK, FOREIGN FIRMS, HOME COUNTRY, INCOME, INFRASTRUCTURE FINANCE, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE PROJECTS, INTERNATIONAL FIRMS, INTERNATIONAL INVESTORS, INVESTING, INVESTMENT CAPITAL, INVESTMENT COMMITMENTS, INVESTMENT FINANCE, INVESTMENT FLOWS, LOCAL CAPITAL MARKETS, LOCAL CURRENCY, LOCAL INVESTORS, LOCAL SPONSORS, MIDDLE EAST, MIDDLE-INCOME COUNTRIES, MIDDLE-INCOME ECONOMIES, MUNICIPAL WATER, MUNICIPAL WATER UTILITIES, NONGOVERNMENTAL ORGANIZATIONS, NORTH AFRICA, POLITICAL ECONOMY, PRIVATE INFRASTRUCTURE, PRIVATE INVESTMENT, PRIVATE INVESTMENT IN INFRASTRUCTURE, PRIVATE INVESTORS, PRIVATE SPONSORS, PRIVATIZATION, PUBLIC-PRIVATE PARTNERSHIP, PUBLIC-PRIVATE PARTNERSHIPS, RAIL, RAIL SYSTEM, SERVICE PROVISION, SHARE OF INVESTMENT, SHAREHOLDERS, SPONSORS, SUB-SAHARAN AFRICA, SUSTAINABLE DEVELOPMENT, TECHNICAL ASSISTANCE, TELECOMMUNICATIONS, TRANSPORT, TRANSPORT PROJECTS, TYPE OF INVESTOR, WATER SECTOR, WATER TREATMENT, WATER TREATMENT PLANTS,
Online Access:	http://documents.worldbank.org/curated/en/2008/06/9625875/role-developing-country-firms-infrastructure-new-data-confirm-emergence-new-class-investors https://hdl.handle.net/10986/10605
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