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It’s not just ‘a wall of capital’ chasing too few deals that has driven up infrastructure valuations in the past 15 years, but other systematic factors as well, the research institute says in its latest study.
Of the private capital multilateral lenders have mobilised, only 3% has been invested in low-income countries, S&P finds.
The power sector could save $16bn a year if it addresses issues such as power theft, high subsidies and massive overstaffing a Bank of America Merrill Lynch study finds.
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