Risk mitigation in financing infrastructure in emerging markets

By Olga Rosca
@olgarosca

Risk mitigation in financing infrastructure in emerging markets

Innovative risk-mitigation instrument developed as part of the project bond to raise funds for Turkey’s Elazig Hospital PPP resulted in a bond rating from Moody’s two notches higher than the sovereign rating.

EBRD and World Bank’s MIGA to present innovative credit enhancement schemes at event next week

Risk mitigation tools in financing infrastructure projects in emerging markets will be the focus of a conference held by the European Bank for Reconstruction and Development (EBRD) and the World Bank’s Multilateral Investment Guarantee Agency (MIGA) on 28 March 2017 at the EBRD’s London headquarters.

The half-day event aims to encourage institutional investors from around the world to increase their financing for infrastructure projects in developing countries.

The conference will present an innovative credit enhancement scheme which was developed by the EBRD and MIGA as part of the project bond to raise funds for Turkey’s Elazig Hospital public-private partnership (PPP). The mechanism combined a liquidity facility from the EBRD and political risk insurance from the World Bank’s MIGA and resulted in a project bond rating from Moody’s two notches higher than Turkey’s sovereign rating.

The event will also provide an opportunity for institutional investors to exchange views on risk mitigation tools needed to address the challenges they face from demand risk on PPP payment schemes and local currency bond structures to country credit ratings.

In addition, Turkish and Jordanian representatives will showcase the two countries’ PPP programmes at the event.

Journalists are invited to attend the event which will start at 8:30am on 28 March 2017 at the EBRD, One Exchange Square, EC2A 2JN.

To register and request interviews, please contact Olga Rosca at olga.rosca@ebrd.com +442073388163.