Middle East Economic Survey
VOL. LII
No 20
18-May-2009
REGIONAL/GCC
Credit Crunch Puts ECAs Center Stage In Project Finance
By Melanie Lovatt In Paris
The dramatic cut back in international bank funding resulting from the credit crunch continues to constrain the project finance sector, although those trying to secure financing are heartened to see export credit agencies (ECAs) and multi-lateral lenders coming to the rescue. This brings ECAs full circle in the Gulf. In the 1990s, they saw good use,...
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