Jan 1, 2013
Traditional sources of funding may have retreated, but a range of new capital providers is rapidly taking their place for financing infrastructure
“When you have lending of more than 15 years, which can be very important in the infrastructure sector, the availability of finance from traditional sources of commercial banks starts to disappear,” says Gabriel Goldschmidt, senior manager infrastructure investments in Latin America and Caribbean at the Washington-based IFC.
As ever development institutions, export credit agencies and capital markets are needed to fill the gap. “Funding costs in dollars have increased and tenors are much more difficult for commercial banks,” says Mexico City-based Javier Martín Robles, managing director at Banco Santander.
And the long retreat of European banks as they quit more active roles in the region has meant that...
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What’s the pipeline for LatAm dollar bond sales in January?
More than Jan 2013
Less than Jan 2013
Depends on the Fed
The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.
Carlos Ramírez, Mexico’s pension regulator, Consar
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