Project Finance

Project Finance: Applications and Insights to Emerging Markets Infrastructure teaches you how to apply project finance techniques to projects in emerging markets. You'll learn about topics like risk management, impact investing, and the new appearance of global multilateral development banks. Finally, you'll read about how environmental, social, and corporate governance subjects play out in emerging market infrastructure projects. Distinguished academic and author Paul Clifford employs a highly practical and quantitative approach to project finance. He integrates core principles of corporate finance with key technological topics and country-specific frameworks and policies. The book is written in a straightforward and approachable style, combining applicable strategies with sound theoretical foundations. The chapters are grounded and utilitarian, suitable for both students of business and finance and professionals currently working in the field. Exclusively focused on the challenges unique to emerging markets, Project Finance covers the fundamental principles of applying project finance structuring to those markets. It is supported throughout by seminal emerging market case studies and examples that tackle the actual implementation of the theoretical infrastructure development, investment, and finance concepts discussed within the book. Projects like China's Belt and Road Initiative are discussed at length and in the context of the theories and concepts introduced and explained by the book. Perfect for undergraduate and graduate students of business and finance, Project Finance also belongs on the bookshelves of professionals who regularly deal with the financing of projects in emerging markets. Bankers, infrastructure investors, and others will find this to be an invaluable resource before embarking on their next project. Anyone expected to make decisions with respect to the financing of emerging market infrastructure will significantly benefit from this book.