Financing Infrastructure in Africa : How the Region Can Attract More Project Finance
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...
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| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/09/7091083/financing-infrastructure-africa-region-can-attract-more-project-finance http://hdl.handle.net/10986/10724 |
| Summary: | 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. |
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