The Role of Developing Country Firms in Infrastructure : A New Class of Investors Emerges

Developing country investors have emerged as a major source of investment finance for infrastructure projects with private participation. The potential role of this investor class is encouraging. For policymakers it suggests a need to rethink privatization design, particularly the criteria used in selecting investors, which have been biased toward large international firms. The growth in new private infrastructure firms also matters because it should reduce the risk of collusion and other anticompetitive practices. This paper discusses the role of developing country investors, and their investment across regions.

Bibliographic Details

Main Authors:	Schur, Michael, von Klaudy, Stephan, Dellacha, Georgina
Language:	English
Published:	World Bank, Washington, DC 2006-04
Subjects:	ACQUISITION, CAPITAL MARKETS, COLLUSION, CORPORATIONS, ECONOMICS, EQUITY CAPITAL, FIRMS, FOREIGN FIRMS, INFRASTRUCTURE FINANCE, INFRASTRUCTURE PROJECTS, INTERNATIONAL FIRMS, INTERNATIONAL INVESTORS, INVESTMENT COMMITMENTS, INVESTMENT FLOWS, LOCAL CAPITAL MARKETS, LOCAL COMPANIES, LOCAL INVESTORS, LOCAL SPONSORS, MANAGEMENT CONTRACT, MIDDLE EAST, MUNICIPAL WATER, MUNICIPAL WATER UTILITIES, NONGOVERNMENTAL ORGANIZATIONS, NORTH AFRICA, PRIVATE INFRASTRUCTURE, PRIVATE INVESTMENT, PRIVATE INVESTMENT IN INFRASTRUCTURE, PRIVATE INVESTORS, PRIVATE SPONSORS, PRIVATIZATION, PUBLIC-PRIVATE PARTNERSHIPS, RAIL, RAIL SYSTEM, SERVICE PROVISION, SHAREHOLDERS, SPONSORS, SUB-SAHARAN AFRICA, TECHNICAL ASSISTANCE, TRANSPORT, WATER SECTOR,
Online Access:	http://documents.worldbank.org/curated/en/2006/04/7090326/role-developing-country-firms-infrastructure-new-class-investors-emerges https://hdl.handle.net/10986/10742
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