Global Capital Flows to Infrastructure Investments
Global Capital Flows to Infrastructure Investments

Author: Joseph B. Oyedele

Publisher: Cuvillier Verlag

Published: 2014-02-17

Total Pages: 162

ISBN-13: 3736946384

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The demand pressure and the plethora of evidences observed in the form of increasing infrastructure financing gap, ageing infrastructure, environmental factors, such as climate change and rising quality standards are factors attracting institutional and private sector participation in infrastructure investment. Therefore, the search for innovative means of financing infrastructure has become incessant. Also, the features of the financial landscape, especially in a financial crisis has further underpinned the significance of looking beyond the present infrastructure need, to a more sustained infrastructure financing scheme anticipated from institutional investors. A well established capital market has therefore been identified as a viable option for long term and steady global capital flows to financing infrastructure projects; else, the burden will remain on governments to offer direct or indirect support to private investors in attracting financing for infrastructure development. This book therefore conceptually investigates the potentials of the capital market and institutional investors’ capital flows in bridging the global infrastructure funding gap. A fundamental conclusion from the book revealed that institutional investors particularly pension funds have the capacity to pool enormous resources into the infrastructure market, thus emphatically projecting them as a force to be reckoned with in the global infrastructure investments.

Capital for the Future
Capital for the Future

Author: The World Bank

Publisher: World Bank Publications

Published: 2013-05-16

Total Pages: 171

ISBN-13: 0821399551

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The gradual acceleration of growth in developing countries is a defining feature of the past two decades. This acceleration came with major shifts in patterns of investment, saving, and capital flows. This second volume in the Global Development Horizons series analyzes these shifts and explores how they may evolve through 2030. Average domestic saving in developing countries stood at 34 percent of their GDP in 2010, up from 24 percent in 1990, while their investment was around 33 percent of their GDP in 2012, up from 26 percent. These trends in saving and investment, along with higher growth rates in developing countries, have resulted in developing countries’ share of global savings now standing at 46 percent, nearly double the level of the 1990s. The presence of developing countries on the global stage will continue to expand over the next two decades. Analysis in this report projects that by 2030, China will account for 30 percent of global investment activity, far and away the largest share of any single country, while India and Brazil (at 7 percent and 3 percent) will account for shares comparable to those of the United States and Japan (11 percent and 5 percent). The complex interaction among aging, growth, and financial deepening can be expected to result in a world where developing countries will contribute 62 of every 100 dollars of world saving in 2030, up from 45 dollars in 2010, and where they account for between $6.2 trillion and $13 trillion of global gross capital flows, rising from $1.3 trillion in 2010. Trends in investment, saving, and capital flows through 2030 will affect economic conditions from the household level to the global macroeconomic level, with implications not only for national policy makers but also for international institutions and policy coordination. Policymakers preparing for this change will benefit from a better understanding of the unfolding dynamics of global capital and wealth in the future. This book is accompanied by a website, http://www.worldbank.org/CapitalForTheFuture, that includes a host of related electronic resources: data sets underlying the two main scenarios presented in the report, background papers, technical appendixes, interactive widgets with variations to some of the assumptions used in the projections, and related audio and video resources.

Mobilizing Domestic Capital Markets for Infrastructure Financing
Mobilizing Domestic Capital Markets for Infrastructure Financing

Author:

Publisher: World Bank Publications

Published: 1997

Total Pages: 108

ISBN-13: 9780821340387

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World Bank Technical Paper No. 369. Hydropower and irrigation projects involving reservoirs can displace thousands of people from their traditional lands and deprive them of their livelihoods. If poorly planned, they can also lead to environmental degradation. Solutions to these problems must be found--solutions that are technically feasible, sustainable, environmentally appropriate, and acceptable to the people who are resettled. This paper explains how the planned, integrated development of fishery ecosystems in reservoirs not only can mitigate the negative social consequences of dam construction, but also can enhance the economic benefits from hydropower and irrigation projects in many developing countries. The paper draws on the success of fish farming efforts in the Saguling and Cirata reservoirs in Java, which attests to the potential for creating employment in reservoirs that are in place and under construction around the world.

From Global Savings Glut to Financing Infrastructure
From Global Savings Glut to Financing Infrastructure

Author: Mr.Rabah Arezki

Publisher: International Monetary Fund

Published: 2016-02-09

Total Pages: 47

ISBN-13: 1475591837

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This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called “infrastructure investment platforms” are an attempt to tap into the pool of both public and private long-term savings in order to channel the latter into much needed infrastructure projects. This paper puts these new initiatives into perspective by critically reviewing the literature and experience with public private partnerships in infrastructure. It concludes by identifying the main challenges policy makers and other actors will need to confront going forward and to turn infrastructure into an asset class of its own.

International Capital Flows
International Capital Flows

Author: Martin Feldstein

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 500

ISBN-13: 0226241807

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Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.

Infrastructure as an Asset Class
Infrastructure as an Asset Class

Author: Barbara Weber

Publisher: John Wiley & Sons

Published: 2016-07-05

Total Pages: 436

ISBN-13: 1119226546

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Clear, comprehensive guidance toward the global infrastructure investment market Infrastructure As An Asset Class is the leading infrastructure investment guide, with comprehensive coverage and in-depth expert insight. This new second edition has been fully updated to reflect the current state of the global infrastructure market, its sector and capital requirements, and provides a valuable overview of the knowledge base required to enter the market securely. Step-by-step guidance walks you through individual infrastructure assets, emphasizing project financing structures, risk analysis, instruments to help you understand the mechanics of this complex, but potentially rewarding, market. New chapters explore energy, renewable energy, transmission and sustainability, providing a close analysis of these increasingly lucrative areas. The risk profile of an asset varies depending on stage, sector and country, but the individual structure is most important in determining the risk/return profile. This book provides clear, detailed explanations and invaluable insight from a leading practitioner to give you a solid understanding of the global infrastructure market. Get up to date on the current global infrastructure market Investigate individual infrastructure assets step-by-step Examine illustrative real-world case studies Understand the factors that determine risk/return profiles Infrastructure continues to be an area of global investment growth, both in the developed world and in emerging markets. Conditions continually change, markets shift and new considerations arise; only the most current reference can supply the right information practitioners need to be successful. Infrastructure As An Asset Class provides clear reference based on the current global infrastructure markets, with in-depth analysis and expert guidance toward effective infrastructure investment.

Global Capital Flows
Global Capital Flows

Author: Stephany Griffith-Jones

Publisher: Springer

Published: 1998-11-12

Total Pages: 225

ISBN-13: 1349269123

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The book examines the rapid growth and dramatic changes in capital flows globally and to emerging markets. In the context of relevant economic theory, it analyses benefits and costs of large and volatile capital flows to developing countries; the latter includes damaging currency crises as the Mexican and East Asian economies. The book makes innovative proposals on how best national governments - and especially - international organisations can avoid such crises.

Captial Markets and the Delivery Vehicles for International Infrastructure Investments
Captial Markets and the Delivery Vehicles for International Infrastructure Investments

Author: Joseph Bamidele Oyedele

Publisher:

Published: 2012

Total Pages:

ISBN-13:

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Infrastructure enhances economic competitiveness and represents an important source of economic empowerment and revenue. At a global level there is increasing demand for infrastructure and as the demand and supply gap widens, the financing of infrastructure is becoming increasingly more complex. The desire to remain competitive in the global market has seen governments increasingly seeking to expand the role of the private sector in the financing and delivery of quality infrastructure resources. This study focuses on investors' attraction to infrastructure investment and the evolving role of the private sector in delivering infrastructure, bringing into perspective key vehicles in the financing of infrastructure resources across regions, countries and sectors. The uniqueness of the study stems from the timely assessment of the impact of the global financial crisis on infrastructure transactions and performance comparing infrastructure investment returns with other asset classes across global, European and UK markets. The study employs a quantitative research approach drawing time series data from two distinctive databases in order to fully explore infrastructure investments from both transaction based activities within the industry and the comparative performance of the asset class. Capital flows and trends in infrastructure transactions across geographical locations and sectors are examined and time series data used in the analysis of infrastructure returns over a ten year period (2001-2010). This facilitated the analyses of a broad range of listed infrastructure investment return characteristics. The data obtained were employed in the construction of efficient portfolio frontiers computed with the aid of an optimization tool. The study highlights the debt driven nature of greenfield projects offering investors a more attractive route into the infrastructure market. The oil & gas, power, transport and social infrastructure sectors attracted the highest investor funds within the infrastructure investment space. The role of the private sector within the infrastructure industry is evolving, as reflected in the growing acceptance of the PPP model and in the flexibility of options available across geographical markets. The impact of the global financial crisis (GFC) on infrastructure delivery from the transaction and performance perspectives was characterized by declining capital flows, resulting in a dwindling credit profile for the infrastructure markets. The resilience of infrastructure as a unique asset class was demonstrated during the GFC period by the superior performance shown by European generation utilities and UK infrastructure. The study shows that infrastructure plays a significant role within a mixed asset portfolio by enhancing diversification benefits; a unique investment strategy sought by investors to enhance investment performance.