This International Emerging Markets Project Finance (IPF) course will provide students with a strong practical and theoretical framework to be able to analyze complex international projects from first principles, and will cover both the structuring aspects of this financial discipline (commercial and legal frameworks, key risk and mitigants, financial modelling) as well as real-world project finance case studies.
Overall, the course provides a practical and quantitative approach to understanding project finance transactions; focuses on energy and infrastructure transactions in emerging markets; integrates principles of corporate finance with an understanding of specific technologies, industrial organization, regulatory framework and country-specific policies; examines foreign exchange issues, taxation, risk evaluation and mitigation and key contractual structures; explores the fundamentals of International Project Finance; and complements and adds to the current fundamentals of Project Finance course.
This course is relevant to students contemplating careers in financing international development projects, considering dual engineering/finance degrees, or working for developers/sponsors of international infrastructure projects or international financial organizations such as Multilateral development institutions (World Bank, Asia Development Bank, Inter-American Development Bank, Asia Development Bank, Asia Infrastructure Investment Bank).
The IPF course will focus on deepening student’s academic knowledge and understanding of the financing strategies, structures and risk/return allocations for international infrastructure projects in developing countries. The course will specifically address and cover the dynamics of “South-South” infrastructure investment, financing and cooperation across the BRIC (Brazil, Russia, India, China and South Africa) countries. It will also analyze the emergence and importance of new Global financial institutions such as the Asia Infrastructure Investment Bank, the new “World Bank for Asia” created by China. The course will also cover China’s new $ 8 Trillion “One Belt, One Road” infrastructure development policy linking China with Asia, Europe, and East Africa.
The course will also analyze social and environmental risks in international projects and the current approach of financial institutions to assess and rank the social and environmental risks and impact of projects and related mitigation and monitoring measures required to ensure projects are developed in a sustainable manner.
Adjunct Professor of Business
Paul Clifford has over 20 years of origination, structuring and execution experience in the Project Finance sector. He arrange and advised on financings for infrastructure projects in the US and international markets at Standard Chartered Bank and other global banks, where he was responsible for negotiating and executing multi-billion dollar deals across Oil & Gas, Power & Energy, Renewables, Infrastructure and Mining...