If anything, reading back to the Foreword in the Yearbook this time last year, the credit crunch took its time to take hold in 2008. Last year, I said it would sweep though the system and "when complete, the system will take years to recover". That is what happened but only come September when Lehman collapsed.
Multilateral development banks (MDBs) are under increasing pressure to change their financial strategies to become more efficient in attracting private sector financing to infrastructure and other project financings in developing countries. By Bob Sheppard.
Overlooked by many when commercial banks were liquid and rates were low, EDC and US Ex-Im are now fielding more calls from project financiers. By Deirdre Fretz.
In troubled times, banks and developers around the world turn to export credit agencies to help them survive the downturn and that's no different in Latin America. By Alan Gersten.
In what is expected to be a difficult 2009 for sponsors and banks, the involvement of European export credit agencies in project finance has become more coveted than ever. Greg Roumeliotis reviews the ECAs' tools, portfolios and agenda for the year ahead.
Export credit agencies have been so active in the past few years that commercial banks have moaned whenever the ECAs have inched into their loan space. By Minerva Lau.
Carbon capture and storage involves the capture of carbon dioxide from the burning of fossil fuels, its transportation via road, rail, sea or pipeline, and storage in porous geological formations with high integrity cap-rock (such as depleted oil and gas fields). By Giedre Kaminskaite-Salters, senior adviser on climate and clean energy at Norton Rose.
The development of a global market for carbon credits has been one of the key drivers of the growth in Clean Development Mechanism (CDM) projects in Asia. Anna Howell, a partner in Herbert Smith's Hong Kong office, looks at how CDM projects have developed in Asia and highlights the challenges that lie ahead.
I have been tasked to give my perspective on the future of P3 infrastructure financing. By Gershon Cohen, head of infrastructure finance, HBOS.
Debt investors are facing ongoing financial market turmoil, with a slowdown in global economies and the prospect of higher default levels over the remainder of 2008 and 2009. By Carolyn Martin, Peter Scobie and Katrina King, global fixed interest team at QIC.
In periods of rapid economic growth, a fundamental focus of infrastructure and project finance – that of the identification and mitigation of risk – often receives less attention than in periods of stable or declining economic circumstances. By Robert Zivcic and William Streeter, Fitch Ratings.