This is the second in a series of blogs about infrastructure projects. You can access the first blog here: At the Crossroads of a Potential $15 Trillion Problem . Infrastructure assets and projects face a bigger economic and financial test from the coronavirus pandemic than during the financial crisis of 2008-2009, when they proved to be fairly resilient. [1] Ultimately, all pl...
READ$15 trillion USD is the estimated world-wide infrastructure investment gap by 2040 based on the Global Infrastructure Outlook, a G20 initiative. [1] The investment gap (“gap”) refers to the difference between the infrastructure needs of a country or sector based on current and expected demand, and the resources available to meet these needs. The gap can vary widely. For example...
READThe first article in our “When Sovereigns Default” series looked at the need for bondholders to keep a close watch on the credit risk of individual countries around the world given the negative economic impacts we are seeing as a result of COVID-19. The second article presented estimates of loss given default (LGD) for 121 rated countries under a COVID-19 scenario, pinpointing ...
READ