ADB works to ease risks for investors in infrastructure deals
Senior ADB official tells BT that project bonds are the 'big missing piece' in infrastructure financing in Asia
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Singapore
PRIVATE investors remain averse to taking commercial and political risks in infrastructure projects, so multilateral development banks (MDBs) have to work a lot behind the scenes to cajole them to take part in these projects.
Michael Barrow, director-general of private-sector operations at the Asian Development Bank (ADB), said at a panel discussion on Tuesday that the ADB works with commercial banks to come up with the right mix of loan structure and tenor that the commercial lenders are comfortable with; it also provides guarantees for the tenor that banks are otherwise unable to take on because of capital ratio requirements.
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