Middle East Economic Survey
VOL. LII
No 39
28-Sep-2009
ECAs Still Essential For MENA Project Finance
The use of export credit agencies (ECAs) in project finance across the globe has jumped this year in response to the dramatic pull-back of international banks. The latter had provided the bulk of funding to MENA projects over the previous several years, but have been severely constrained by the financial crisis since Lehman Brothers collapsed about a year ago. Deals completed so far this year have...
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