Proximo 2023 Project Finance Research Report: Live
Proximo’s project finance research report garners the latest market sentiment via a quantitative survey of sponsors, lenders, and advisers active in the space, and insightful qualitative interviews. Access the full report now.
Welcome to a snapshot of the fully revamped Proximo 2023 Project Finance Research Report. This report is the only comprehensive report into the sentiment of the main participants in the project finance market, not just regarding general market conditions, but also towards the main countries that host project financings.
At a time of huge macroeconomic uncertainty and unsettled market conditions, Proximo and its parent the Exile Group believe that accurate gauges of market sentiment and rigorous analysis of transaction data are the best ways to navigate this period of turbulence. The report should be read in conjunction with Proximo’s Full Year 2022 data, which has been available since the last quarter, and a forthcoming mini report into the transaction record from the first half of 2023 which will be released imminently.
Because of the revamp, it will not be possible to make complete year on year comparisons to earlier surveys of the project finance market, though where it is possible to make comparisons, we will do so. Our last survey in 2020 primarily focused on the opinions of project sponsors, while this survey is designed to capture the opinions and outlook of a larger and more diverse slice of the market.
Our long and detailed survey captured the thoughts of 141 respondents, to whom we are very grateful for their time and contributions. Of them, we persuaded 80 to rate various jurisdictions on their conduciveness towards project and infrastructure financings, and 76 to rate law firms on their quality of service. In future surveys we hope to measure the performance of banks in carrying advisory and financing work for sponsors and governments.
This report is based on a survey that was open over April, May and June 2023. It was, therefore, well placed to capture the mood of the project finance market in the aftermath of the collapse of Silicon Valley Bank, and the forced sale of Credit Suisse. Both banks occupied important niches in the project finance market, though neither was close to being globally important.
Our earliest respondents may have felt a little of the panic of the aftermath of those collapses, when there was widespread apprehension about what banks might be next. There are also some lingering concerns about construction and debt costs, and the continuing impact of the Ukraine Invasion. But notes of optimism shine through many of our responses, as the report demonstrates.
As ever, our team really welcomes your comments on the survey, whether you agree with the results, or whether you think we should be asking additional questions next year.
If you are a Proximo subscriber, you can download this report and the complementary data report through the library here.
Not a subscriber? Request a copy of the research report here and find out more about the Proximo subscription here.
