TXF Global 2020: Export, Agency & Project Finance
The global export, agency & project finance games return! After the roaring success of our virtual event, join us for part 2: online or person. Take your network further!
Project finance is a non-recourse loan structure used to fund infrastructure projects. Project finance keeps the debt off the project sponsor’s balance sheet – if the project defaults, the lenders take over ownership of the project asset and have no recourse to the original project sponsor. This enables developers to borrow money for major projects without the risk of corporate bankruptcy should the project fail. The structure is widely used in the financing of major projects in the oil and gas, power, renewables, mining, transport (fixed and moveable assets) and public-private-partnership (P3) sectors. In addition to non-recourse debt, project financing can take the form of limited recourse debt, ECA-backed debt, DFI-backed debt, project bonds and even securitisations.
The ICC Global Export Finance Committee’s Sustainability Working Group is out to market with an ambitious initiative: to engage the export finance community in a discourse on how the industry aims to fulfil the UN’s sustainable development agenda, in a bid to develop both ECA policy and product.