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New Frontiers

Jan 19, 2012

The unbridled optimism that characterized last year’s selection process was somewhat more restrained by the time LatinFinance completed its awards process in late 2011. Problems in Europe loomed large, and several banks were already making tactical retreats from the region as they dealt with capitalization pressures at home.

Meanwhile, broader market uncertainty over a possible global economic slowdown and the prospects of a worst-case scenario in Europe left equity, bond and loan markets in the doldrums post-summer.

Fortunately, the...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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