The way ahead: real demand for infrastructure spending will fuel 1990s lending
Article Abstract:
Banks in Asia expect greater demand for their lending services in the region to finance physical infrastructure projects. No competition from US and European banks for infrastructure financing seems to be forthcoming as the two are both busy attending to the banking needs of their respective regions and their commercial treaty partners. Japanese banks, in particular, appear to be optimistic about the prospects of the anticipated infrastructure lending boom in the Orient. Many of them have shut down their branches in such places as Zurich, Switzerland and Sao Paolo, Brazil, to concentrate on their Asian operations.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Footing the progress bill
Article Abstract:
The risks attached to lending for public infrastructure renewal purposes will definitely reduce the number of institutions that will bewilling to extend loans to Asia. The bulk of the needed infrastructure financing is expected to come from direct investors from other countries and from banks outside the region. The past lending frenzy to Asia occurred becausethe needed capital was intended to boost manufacturing industries which had more potential to repay debts. Institutions interested to lend to Asia can use the build, operate and transfer strategy to protect themselves from risks.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Tapping Hongkong
Article Abstract:
The Asian Development Bank (ADB) plans to issue the Hong Kong (HK) dollar as a financing instrument in the colony's currency market on May 1, 1992. The decision will make the HK dollar the only East Asian currency aside from the yen that will be used by ADB for bond issuance. ADB's move is also in line with its goal to reformulate its lending standard and to move away from the use of local currency in favor of the US dollar. Despite of the eventual changes and the upswing of the yen against the US dollar, the yen will continue to be ADB's standard borrowing currency.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Comment about this article or add new information about this topic:
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