Middle East Economic Survey

VOL. LIV

No 27

4-Jul-2011

Innovation Needed To Meet Funding Challenges, Says Mubadala

Melanie Lovatt reports from the Projects and Infrastructure meeting in Brussels.

In the wake of the financial crisis banks funding costs remain high, the amount of money they can supply to projects has been significantly reduced, and the number of lenders operating globally has been sharply reduced. While export credit agencies (ECAs) have stepped up to fill funding gaps, there...