PPIAF continues to do a terrific job of tracking the impacts of the financial crisis on the rate of closure of project financings across developing countries. In their third update of an ongoing series, they find that:

New projects are still being tendered and brought to financial closure, but at a slower pace. Between July 2008 and March 2009, the rate of project closure fell 15% by investment commitments compared to a similar period in the previous year. Investments to private infrastructure projects showed some signs of recovery in the first months of 2009, but this recovery is unlikely to continue as it was driven by a few large priority projects in select countries. The rate of project closure varies across sectors with energy reporting higher investments, telecom seeing stable investments, and transport and water receiving lower investments. The rate of project closure also varies across regions with East Asia and Pacific and Sub-Saharan Africa attracting higher investments, South Asia reporting stable investments, and the three other regions (Latin America and Caribbean, Europe and Central Asia, and Middle East and North Africa) seeing lower investments. Click here to read the whole analysis.

Posted by rjorr at June 14, 2009 3:05 PM