Hoping for a demonstration effect
- From: Vol 6, Issue 5 (May 2005)
- Category: General
- Region: Unspecified
- Country:
- Related Companies: ABSA Bank, Banco Occidente, Dâr ad-Damâne, ICICI Bank and Karnataka Bank
Can USAID help develop the local private financing of water projects? Development finance editor Frederic Blanc-Brude investigates.
In times when international private investors lose appetite for developing markets, the talk usually turns to the need to develop local financing capacity (see GWI’s interview with the World Bank’s new VP for infrastructure, March 2005).
Indeed, most developing countries’ financial markets are stuck in a low-level equilibrium characterised by short maturities, high interest rates, massive collateral requirements ...
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