Feasibility of project finance as a financing technique depends on market and technology risk as well as

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Question:

Feasibility of project finance as a financing technique depends on market and technology risk as well as level of economic development of a country in which the project is implemented. Developed countries, therefore, present better opportunity for project finance transactions to succeed compared to developing countries. Discuss key aspects of a project finance deal that may differ between the two groups. You may focus on the macro-economic, political, and financial environment in your response