%0 Journal Article %A Thomas Marshella %T Debt Financing of Projects in Emerging Economies %B Lessons from Asia %D 2001 %R 10.3905/jsf.2001.320249 %J The Journal of Structured Finance %P 30-34 %V 7 %N 2 %X Investors have been–and are likely to remain–reluctant to return to the Asian region in the wake of the material losses that they sustained when demand for the services provided by local projects dropped significantly and massive economic shocks exposed projects to the legal, regulatory, and political failings of their host countries. Moody's believes that a return of investor interest in the region will be predicated on a freer and more frequent flow of information on the financial and operating performance of individual projects. It will require deal structures that clearly outline the legal obligations of all parties to the transaction and the specific parties with whom the risks reside. It also will require stable and transparent legal, regulatory, and political regimes capable of consistently enforcing these obligations and providing remedies to bondholders in the event of their violation. %U https://jsf.pm-research.com/content/iijstrfin/7/2/30.full.pdf