(DP 2000-08) Financing Private Sector Participation in Infrastructure Development: An Overview of Conditions and Options in Philippine and International Capital Markets

Abstract

The Asian financial crisis has impaired the flow of capital financing the construction of infrastructure crucial for sustaining development in the country. As such, one of the post-crisis challenges has been the development of new and alternative financing mechanisms in light of emerging fiscal constraints of government. This paper presents an analysis of the recent trends and financing needs of infrastructure projects and explores various alternative modalities for the financing of infrastructure projects in the Philippines.