Washington, DC – Representatives of ISI were in attendance at the Spring Meetings of the World Bank (Bank) and the International Monetary Fund (IMF) which bring together central bankers, ministers of finance and development, academics and private sector executives to discuss issues focused around the global economy and international development.
Of particular interest this year was an event on De-Risking Infrastructure Projects for Private Investors. The session was opened by head of the World Bank Group and the panel was moderated by Ali Velshi of MSNBC. Among the panelists were Jim Thierry Déau, Founding Partner & Chief Executive Officer, Meridiam Infrastructure; Imad Fakhoury, Minister of Planning & International Cooperation, Jordan; and Keiko Honda, Executive Vice President and Chief Executive Officer, Multilateral Investment Guarantee Agency (MIGA).
This panel highlighted the important role that the Bank and other multilateral agencies play in helping realize infrastructure projects in parts of the Middle East and Africa (MEA) where investments are at a higher risk. Parceling out the risks through collaborating with other investors is an excellent way to de-risk investment in MEA. A good example discussed by the panel, involved a series of hospital PPP projects in Turkey where MIGA and EBRD successfully stepped in with the issuance of a €288 million bond to help liquidity concerns of commercial lenders in financing the construction and operation of the Elazig hospital, thereby ‘de-risking’ investments in the overall scheme and encouraging more private investment.
Minister Fakhoury also highlighted examples of how projects had been similarly 'de-risked' in Jordan, encouraging greater private sector involvement in a country often considered high-risk due to issues in neighboring countries. He also stated that $10 billion of Public-private partnership packages were available to U.S. businesses in Jordan alone. ISI Consultants is committed to staying up to date on issues such as this, as they relate to opportunities for our clients in the Middle East & Africa region. (A full video of the panel discussion is embedded above)
ISI Consultants assists U.S. companies to enter or further expand their business in Middle East and African markets. From small projects to longer-term engagements, we put our knowledge and experience to work for you, saving you time and money and minimizing your risk. And our results-oriented approach means we don’t just advise you on what to do to be successful – we work with you to get it done.
As part of our commitment to the National Export Initiative (NEI), ISI Consultants offer a limited number of COMPLIMENTARY STRATEGY SESSIONS each month to qualified U.S. companies.