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PPI in developing countries

PPI in developing countries. 2007 data results from the PPI Project Database. A product of the World Bank and PPIAF. Notes on the easy-to-use graphs. Graphs include data on projects: Reaching financial closure in 1990–2007 In low- and middle-income countries as classified by the World Bank

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PPI in developing countries

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  1. PPI in developing countries 2007 data results from the PPI Project Database A product of the World Bank and PPIAF

  2. Notes on the easy-to-use graphs • Graphs include data on projects: • Reaching financial closure in 1990–2007 • In low- and middle-income countries as classified by the World Bank • Data on investment commitments are reported in billions of 2007 U.S. dollars • The data were adjusted by the U.S. consumer price index, using 2007 as the base year. • Data at http://ppi.worldbank.org/ are reported in millions of current U.S. dollars unless otherwise indicated. • A graph’s formatting, title, and notes can be changed by double clicking. • See the last slide for notes on the methodology of the PPI Project Database.

  3. Investment commitments to infrastructure projects with private participation in developing countries in real and nominal terms, 1990–2007 Investment commitments to infrastructure projects with private participation grew by 25% in 2007, to a level 10% higher in real terms than the peak in 1997. 158 144 111 Total: US$1,475 billion in almost 4,100 projects Source: World Bank and PPIAF, PPI Project Database.

  4. Investment commitments to infrastructure projects with private participation in developing countries by type of investment, 1990–2007 Investment in physical assets grew by 24% to US$126 billion in 2007, reaching a peak 40% higher in real terms than the previous record, in 1997. Payments to the government increased by 27% to US$31 billion in 2007 but remained well below the peaks of 1997 and 1998. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  5. Investment commitments to infrastructure projects with private participation in developing countries by implementation status, 1990–2007 New projects accounted for US$73 billion, or 46%, of the total investment in 2007. Projects closing in 1990–2006 accounted for the other US$85 billion. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  6. Median size of infrastructure projects with private participation in developing countries in year of financial closure, 1998–2007 The median project size in 2007 was almost 9% larger than that in 2006 and more than twice as large as those in 2002–05. 2007 US$ millions Note: A value of zero is assigned to projects with no public information on investment commitments. Source: World Bank and PPIAF, PPI Project Database.

  7. Investment commitments to infrastructure projects with private participation in developing countries by sector, 1990–2007 (1/2) The investment picture varied across sectors in 2007: • Telecommunications saw an increase of 13% to US$75 billion, the sector’s highest level ever, and accounted for 47% of investment commitments for the year. • Energy had growth of 96% to US$50 billion, the sector’s second highest level since 1990. It accounted for 32% of investment commitments in 2007. • Transport had a decline of 7% to US$29 billion, but remained at the second highest level in real terms since 1990. • Water investment amounted to US$3 billion, well below the peak of 1997 but within the US$2–3 billion range of the previous three years.

  8. Investment commitments to infrastructure projects with private participation in developing countries by sector, 1990–2007 (2/2) 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  9. Infrastructure projects with private participation in developing countries by sector, 1990–2007 The number of infrastructure projects implemented in 2007 fell by 7% to 288. But the situation varied across sectors. The number of projects rose by around 8% in energy and in water and sewerage, while it dropped by 12% in telecommunications and by more than 25% in transport. Projects Source: World Bank and PPIAF, PPI Project Database.

  10. Investment commitments to energy projects with private participation in developing countries by subsector, 1990–2007 Electricity drove the investment growth in energy in 2007, while investment in natural gas remained stable. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  11. Investment commitments to transport projects with private participation in developing countries by subsector, 1990–2007 Roads and seaports accounted for most of the investment in transport in 2007, while railways and airports saw investment decline. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  12. Investment commitments to infrastructure projects with private participation in developing countries by region, 1990–2007 (1/2) Trends in investment varied across regions: • Investment grew in all developing regions except Sub-Saharan Africa, where it declined by around 10% from the 2006 level, its highest ever. Telecommunications accounted for most of the investment in the region. • Europe and Central Asia saw investment grow by around 80%, reaching its highest level since 1990. The growth was driven by energy (Russian divestitures of generating assets) and telecommunications. • In Latin America and the Caribbean investment increased by 28%, driven mostly by transport. • In East Asia and Pacific investment rose by around 10%, driven by energy and telecommunications. • The Middle East and North Africa had growth of 7%, and South Asia 4%, with both reaching new peaks.

  13. Investment commitments to infrastructure projects with private participation in developing countries by region, 1990–2007 (2/2) 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  14. Investment commitments to infrastructure projects with private participation in developing countries by region, excluding telecoms, 1990–2007 With telecoms excluded, investment declined in two regions (East Asia and Pacific and Sub-Saharan Africa) and grew at a different rate in the other developing regions. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  15. Infrastructure projects with private participation in developing countries by region, 1990–2007 The number of new projects in East Asia and Pacific and in Europe and Central Asia grew by up to 10%, driven by energy. By contrast, the number declined by 15% in Latin America and the Caribbean, by 23% in Sub-Saharan Africa, and by 25% in South Asia. Projects Source: World Bank and PPIAF, PPI Project Database.

  16. Investment commitments to infrastructure projects with private participation in developing countries by type of project, 1990–2007 Greenfield projects and divestitures accounted for 93% of the growth in investment commitments. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  17. Infrastructure projects with private participation in developing countries by type, 1990–2007 As in previous years, most of the new projects in 2007 were either greenfield projects or concessions. Projects Source: World Bank and PPIAF, PPI Project Database.

  18. Investment commitments to infrastructure projects with private participation by country income group, 1990–2007 Investment in upper-middle-income countries grew by 46%, and in low-income and lower-middle-income countries by 10%. 2007 US$ billions Note: Country income groups are based on the World Bank classification released in July 2007. Source: World Bank and PPIAF, PPI Project Database.

  19. Investment commitments to infrastructure projects with private participation in low-income countries by sector, 1990–2007 Investment grew in low-income countries, driven by energy and, to a lesser degree, telecommunications. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  20. Investment commitments to infrastructure projects with private participation in lower-middle-income countries by sector, 1990–2007 Telecommunications and energy accounted for most of the investment growth in lower-middle-income countries. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  21. Investment commitments to infrastructure projects with private participation in upper-middle-income countries by sector, 1990–2007 Investment in upper-middle-income countries grew by 46%, driven by energy and, to a lesser degree, transport and telecommunications. 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  22. Infrastructure projects with private participation in developing countries by status, 1990–2007 Projects Source: World Bank and PPIAF, PPI Project Database.

  23. Investment commitments to infrastructure projects with private participation in developing countries by project status, 1990–2007 2007 US$ billions Source: World Bank and PPIAF, PPI Project Database.

  24. Top 10 developing countries by private participation in infrastructure, 2007 The top 10 countries by investment commitments in 2007 accounted for 62% of the total. India, the Russian Federation, and Brazil dominated, with 36%. The top 10 countries by new projects had almost 70% of the total number. China and India accounted for 45%.

  25. Top 10 developing countries by investment in infrastructure projects with private participation, 1990–2000 and 2001–07 The list of top 10 countries changed in 2001–07. It now includes the largest economy of every developing region except the Middle East and North Africa.

  26. Canceled or distressed infrastructure projects with private participation in developing countries, 1990–2007 Projects that have been canceled or become distressed remain a small share of total activity. Latin America and East Asia have been the regions most affected, followed by Sub-Saharan Africa. Among sectors, water has been the most affected. Source: World Bank and PPIAF, PPI Project Database.

  27. Methodological notes on the PPI Project Database • Data are reported on the basis of commitments, not disbursements. • The database includes only projects that have reached financial or contractual closure. • For management and lease contracts, a contract authorizing the commencement of management or lease service must exist. • For concessions and greenfield projects, financial closure is defined as the existence of a legally binding commitment of equity holders or debt financiers to provide or mobilize funding for the project. The funding must account for a significant part of the project cost, securing the construction of the facility. • For divestitures, the equity holders must have a legally binding commitment to acquire the assets of the facility. • Investments in infrastructure projects are classified as one of two types: • Investment in physical assets. The total cost of developing or expanding the facility during the contract period is entered as investment data in the year of financial closure. Privately run telecom projects and energy utilities are exceptions. For these, annual investments in facility expansion are entered in the year of the investment when information is publicly available. • Payments to the government—expenditures on government assets such as state-owned enterprises or rights to provide services in a specific area or to use radio spectrum. These include divestiture revenues, license fees, and canon payments. Where divestitures are phased, the investments are recorded in the years in which the transactions take place. • More information can be found at http://ppi.worldbank.org/

  28. PPI in developing countries 2007 data results from the PPI Project Database A product of the World Bank and PPIAF

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