BEIJING, Aug.
This paper examines investments—in the form of equity or debt—in direct investments to infrastructure. It first introduces the pros and cons of project finance instrument. After that, it analyses infrastructure projects as a nexus of contracts and pool of risks.
This paper highlights the suitability of multilateral development banks (MDBs) for infrastructure financing, to provide the long-term financing needed for infrastructure investment to become profitable, given the large scale of the initial investment and the lo