Project finance is exactly what Jake described, and you actually could not get project finance in Algeria for a big investment project like he describes but based on local demand, because project financiers want to see high probability cash flows to be in a position to lend, and for some reason (European oppression, probably, they don't trust the locals to pay them back, and require export contracts backed by creditable parties to provide these. Wind power
Unless, of course, one thinks that it's a brilliant idea to deliver developing countries into the waiting arms of an economic hit man.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
