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Risks in Project Finance

Case Studies and Analysis

Jeff Hooke

In this course, we’ll review a transaction that the instructor, Jeff, worked on in his professional career. We will discuss international project finance in the context of working with multilateral banks and bilateral banks in an international environment that entails a lot of political and/or currency risk.

This course is part of the New York Institute of Finance’s popular Project Finance and the Public Private Partnership Professional Certificate program.

Read more

In this course, we’ll review a transaction that the instructor, Jeff, worked on in his professional career. We will discuss international project finance in the context of working with multilateral banks and bilateral banks in an international environment that entails a lot of political and/or currency risk.

This course is part of the New York Institute of Finance’s popular Project Finance and the Public Private Partnership Professional Certificate program.

What you'll learn

  • Recognize the key political and currency risks in project finance.
  • Identify each step in a hypothetical Greenfield project from conception to financial completion.
  • Recognize the key decision points at each stage in a project timeline.
  • Understand the source and purpose of each item on a lender's term sheet.
  • Recognize the effect of external market factors on the success of the project financing phase.
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What's inside

Learning objectives

  • Recognize the key political and currency risks in project finance.
  • Identify each step in a hypothetical greenfield project from conception to financial completion.
  • Recognize the key decision points at each stage in a project timeline.
  • Understand the source and purpose of each item on a lender's term sheet.
  • Recognize the effect of external market factors on the success of the project financing phase.

Syllabus

Lesson 1: Nicaragua Canal
Lesson 2: Comsigua Case Study - Case Study N
Lesson 3: Comsigua Case Study - Case Study O
Lesson 4: Wrap Up
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Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Discusses international project finance in the context of working with multilateral banks and bilateral banks in an international environment
Taught by Jeff Hooke, a project finance professional
Covers key political and currency risks in project finance
Examines the source and purpose of each item on a lender's term sheet
Includes a case study to illustrate the concepts
Provides an understanding of the decision points at each stage in a project timeline
Recognizes the effect of external market factors on the success of the project financing phase

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Create your own learning path. Save this course to your list so you can find it easily later.
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Reviews summary

Practical project finance risk analysis

According to students, 'Risks in Project Finance: Case Studies and Analysis' offers a highly practical and insightful deep dive into the complexities of international project finance. Learners particularly praise the instructor's real-world expertise and the course's emphasis on detailed case studies, such as Comsigua, which make concepts tangible and immediately applicable to professional work. Many find the focus on political and currency risks invaluable for their careers. While generally very positively received, some learners noted the video production quality could be improved and that the course might assume some prior finance knowledge, making it more suitable for experienced professionals rather than absolute beginners seeking broad theoretical frameworks.
Instructor Jeff is highly knowledgeable and his insights are valued.
"The instructor, Jeff, brings real-world experience to the table..."
"Jeff's insights into dealing with multilateral banks and navigating international risks were invaluable. It truly helped me recognize key decision points."
"Solid course for experienced professionals looking for real-world examples. Jeff's insights are top-notch."
"Phenomenal! Jeff is an expert and his case studies are incredibly illustrative."
Case studies, especially Comsigua, are praised for their depth.
"The Comsigua case study was incredibly detailed and insightful. I particularly appreciated how he broke down complex political and currency risks."
"A solid course covering critical aspects of project finance risks. The case studies, especially Comsigua, were a highlight, providing practical examples."
"The Nicaragua Canal example was fascinating, although the Comsigua case study was the real meat of the course."
"I learned so much about the practical aspects of project finance risks. His case studies are incredibly illustrative."
Course excels in practical insights from real-world scenarios.
"This course was absolutely fantastic for understanding the nuances of project finance. The instructor, Jeff, brings real-world experience to the table, and the Comsigua case study was incredibly detailed and insightful. This felt very practical and immediately applicable to my work."
"Excellent deep dive into project finance from a practitioner's perspective. Jeff's insights into dealing with multilateral banks and navigating international risks were invaluable."
"Incredibly practical and insightful. The focus on real-world case studies like Comsigua made the concepts tangible."
"This is not a theoretical course; it's about practical application and problem-solving."
Video production quality and presentation style could be enhanced.
"The production quality of the videos felt a bit dated, and sometimes the audio was inconsistent."
"While Jeff is clearly knowledgeable, the presentation style could be improved. It's good for specific examples but could be more engaging."
"My only minor critique is that it could benefit from updated materials or a more interactive format."
Course is less theoretical, best suited for those with a finance background.
"I felt some parts could have been a bit more theoretical or provided more frameworks beyond just the case study. It might not give a broad theoretical foundation."
"It does assume some prior knowledge of finance, so beginners might struggle."
"I was hoping for more theoretical depth and a broader range of analytical tools. The course relies heavily on specific case studies which, while interesting, don't provide a comprehensive framework..."
"It feels a bit narrow in scope, and for a beginner, it might be overwhelming without prior background."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Risks in Project Finance: Case Studies and Analysis with these activities:
Find a Mentor in Project Finance
Finding a mentor can provide you with guidance and support throughout your learning journey.
Show steps
  • Identify potential mentors who work in the field of project finance.
  • Reach out to your potential mentors and ask if they would be willing to meet with you.
Complete the Coursera Project Finance Specialization
This specialization will provide you with a deep understanding of the principles and practices of project finance.
Browse courses on Project Finance
Show steps
  • Enroll in the Coursera Project Finance Specialization.
  • Complete the five courses in the specialization.
Review Basic Accounting Principles
Brush up on basic accounting principles to strengthen your foundation for understanding project finance transactions.
Browse courses on Accounting
Show steps
  • Review accounting textbooks or online resources.
  • Complete practice exercises and problems.
Ten other activities
Expand to see all activities and additional details
Show all 13 activities
Read ‘International Project Finance’ by Anthony E. Boardman
This book will provide you with a comprehensive overview of the key concepts and principles of international project finance.
View Cost-Benefit Analysis: Concepts and Practice on Amazon
Show steps
  • Read the first three chapters of the book.
  • Create a mind map or summary of the key concepts.
Review Guidelines for Preparing International Tenders
This activity will familiarize you with international tendering procedures, including bid evaluation and contract award.
Show steps
  • Review the introduction and background of the World Bank's guidelines for international tenders.
  • Understand the scope and purpose of international tenders in project finance.
  • Familiarize yourself with the different types of international tender procedures.
  • Learn about the bid evaluation process and contract award criteria.
Explore Financial Modeling Techniques
Review financial modeling techniques to strengthen your understanding of the financial aspects of project finance.
Show steps
  • Find online tutorials or courses on financial modeling.
  • Follow the tutorials and practice the techniques.
  • Apply the techniques to a hypothetical project finance scenario.
Discuss Project Finance Case Studies
Engage in discussions with peers to analyze and evaluate project finance case studies, enhancing your understanding of real-world scenarios.
Show steps
  • Find a study group or online forum for project finance discussions.
  • Select a project finance case study for analysis.
  • Prepare for the discussion by researching the case study and identifying key points for analysis.
  • Participate in the discussion, sharing insights and learning from others.
Join a Study Group
Joining a study group can help you reinforce your understanding of the course material and get help from other students.
Show steps
  • Find a study group that meets regularly.
  • Participate actively in the study group discussions.
Write a Summary of a Project Finance Article
Summarize a project finance article to improve your comprehension and ability to synthesize information.
Show steps
  • Find a recent project finance article or research paper.
  • Read and analyze the article thoroughly.
  • Identify the main points and key findings of the article.
  • Write a concise and informative summary of the article.
Develop a Project Finance Term Sheet
Create a project finance term sheet to gain practical experience in structuring a project financing transaction.
Show steps
  • Research standard project finance term sheets.
  • Identify the key terms and provisions of a term sheet.
  • Draft a term sheet for a hypothetical project finance transaction.
  • Review and refine the term sheet with feedback from peers or mentors.
Develop a Project Financing Model
Developing a project financing model will allow you to apply the principles and practices of project finance to a real-world scenario.
Browse courses on Financial Modeling
Show steps
  • Choose a project that you are interested in.
  • Gather the necessary financial data.
  • Build a financial model for the project.
Participate in a Project Finance Competition
Participating in a project finance competition can help you test your skills and knowledge.
Show steps
  • Find a project finance competition that you are interested in.
  • Form a team and develop a project proposal.
  • Submit your proposal to the competition.
Create a Project Finance Blog
Creating a project finance blog can help you share your knowledge with others and improve your writing skills.
Browse courses on Project Finance
Show steps
  • Choose a topic for your blog.
  • Write and publish your first blog post.
  • Promote your blog on social media.

Career center

Learners who complete Risks in Project Finance: Case Studies and Analysis will develop knowledge and skills that may be useful to these careers:
Project Manager
Project Managers plan, execute, and oversee projects from conception to completion. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Project Manager, as it provides insights into the key steps involved in a hypothetical Greenfield project from conception to financial completion.
See salaries and explore the career path for Project Manager
Risk Manager
Risk Managers identify, assess, and mitigate risks. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Risk Manager, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Risk Manager
Credit Analyst
Credit Analysts evaluate the creditworthiness of borrowers. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Credit Analyst, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Credit Analyst
Actuary
Actuaries use mathematical and statistical techniques to assess risk. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as an Actuary, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Actuary
Financial Consultant
Financial Consultants provide financial advice to individuals and businesses. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Financial Consultant, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Financial Consultant
Investment Banker
Investment Bankers assist companies and governments in raising capital. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as an Investment Banker, as it provides insights into the key decision points in a project timeline and the source and purpose of each item on a lender's term sheet.
See salaries and explore the career path for Investment Banker
Portfolio Manager
Portfolio Managers manage investment portfolios for clients. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Portfolio Manager, as it provides insights into the effect of external market factors on the success of the project financing phase.
See salaries and explore the career path for Portfolio Manager
Compliance Officer
Compliance Officers ensure that companies comply with laws and regulations. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Compliance Officer, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Compliance Officer
Research Analyst
Research Analysts provide investment recommendations. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Research Analyst, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Research Analyst
Consultant
Consultants provide advice to businesses and organizations. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Consultant, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Consultant
Financial Analyst
Financial Analysts analyze financial data and information to make sound investment decisions. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Financial Analyst, as it provides insights into the political and currency risks involved in project finance, which can be critical knowledge for making sound investment decisions.
See salaries and explore the career path for Financial Analyst
Quantitative Analyst
Quantitative Analysts use mathematical and statistical models to analyze financial data. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Quantitative Analyst, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Quantitative Analyst
Financial Planner
Financial Planners help individuals and families manage their finances. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Financial Planner, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Financial Planner
Data Analyst
Data Analysts analyze data to identify trends and patterns. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as a Data Analyst, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Data Analyst
Economist
Economists study and analyze economic data. A course like Risks in Project Finance: Case Studies and Analysis may be useful for those interested in a career as an Economist, as it provides insights into the key political and currency risks in project finance.
See salaries and explore the career path for Economist

Reading list

We've selected nine books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Risks in Project Finance: Case Studies and Analysis.
Cover image
Flexibility in Engineering Design
Save
Comprehensive guide to project finance. It covers the key concepts, principles, and practices involved in project development and financing, and it provides practical guidance for practitioners.
Flexibility in Engineering Design (Engineering...
Hardcover
$$
Cover image
Counterfeit Goods and Organised Crime
Save
Examines the political dimensions of project finance, focusing on the role of governments and other stakeholders in shaping project outcomes. It valuable resource for understanding the political complexities involved in project finance.
Counterfeit Goods and Organised Crime
Hardcover
$$$$
Cover image
Cost-Benefit Analysis
Save
Focuses on project finance in the energy and infrastructure sectors, covering the key challenges and opportunities involved. It valuable resource for professionals who are working on projects in these sectors.
Cost-Benefit Analysis: Concepts and Practice
Paperback
$$$
Cost-Benefit Analysis: Concepts And Practice
Paperback
$$
Cost-Benefit Analysis: Concepts and Practice
Paperback
$$$
Cost-Benefit Analysis: Concepts and Practice
Paperback
$$
Cost Benefit Analysis: Concepts and Practice
Hardcover
$$$
Cost-Benefit Analysis: Concepts and Practice
Kindle Edition
$$
Cover image
The Essentials of Risk Management, Third Edition
Save
Provides a comprehensive overview of risk management for financial institutions. It covers the key concepts, principles, and practices involved in risk management, and it provides practical guidance for practitioners.
The Essentials of Risk Management, Third Edition
Hardcover
$$
The Essentials of Risk Management, Third Edition
Kindle Edition
$$
Cover image
Project Finance
Save
Examines the unique challenges and opportunities of project finance in emerging markets. It valuable resource for professionals who are working on projects in developing countries.
Project Finance: Applications and Insights to...
Hardcover
$$$
Project Finance: Applications and Insights to...
Kindle Edition
$$$
Cover image
In Defense of Public Debt
Save
Provides a comprehensive overview of the political economy of international finance. It covers the key concepts, principles, and practices involved in international financial markets, and it provides insights into the ways in which political and economic forces shape these markets.
In Defense of Public Debt
Hardcover
$$
In Defense of Public Debt
Kindle Edition
$$
Cover image
The Euro: How a Common Currency Threatens the...
Save
Provides a critical assessment of the global financial crisis. It covers the key causes and consequences of the crisis, and it provides insights into the ways in which the crisis can be prevented in the future.
The Euro: How a Common Currency Threatens the...
Paperback
Check
The Euro: How a Common Currency Threatens the...
Kindle Edition
Check
Cover image
Project Finance
Save
Provides a detailed overview of the legal framework for project finance, covering the key legal issues and principles involved. It valuable resource for professionals who are looking to gain a deeper understanding of the legal aspects of project finance.
Project Finance.
Hardcover
$$$$
Cover image
The Business of Film
Save
Provides a detailed analysis of currency risk in project finance, covering topics such as currency risk assessment, hedging strategies, and risk management techniques. It highly specialized resource for professionals involved in project finance.
The Business of Film: A Practical Introduction...
Paperback
$$
This Business of Film: A Practical Guide to...
Hardcover
$$
The Business of Film: A Practical Introduction...
Kindle Edition
$$

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Course image
Effort
1 to 2 hours per week for 3 weeks
Level
Introductory
Via
edX
Institution
New York Institute of Finance
Instructor
Jeff Hooke
Language
English
Transcripts
English Español Français Português Deutsch 中文 العربية हिंदी Türkçe తెలుగు Bahasa Indonesia Kiswahili
This course belongs to a collection called Project Finance and Public Private Partnerships. It's comprised of seven courses:
  1. Project Finance and Public Private Partnerships Fundamentals
  2. Risks in Project Finance: Case Studies and Analysis (viewing)
  3. Deals in Project Finance: Case Studies and Analysis
  4. Deal Structures in Project Finance
  5. Documentation in Project Finance
  6. The Project Finance Process
  7. Project Finance and the Public Private Partnership Examination
Traffic lights
Read about what's good
what should give you pause
and possible dealbreakers
Discusses international project finance in the context of working with multilateral banks and bilateral banks in an international environment
Taught by Jeff Hooke, a project finance professional
Covers key political and currency risks in project finance
Examines the source and purpose of each item on a lender's term sheet
Includes a case study to illustrate the concepts
Provides an understanding of the decision points at each stage in a project timeline
Recognizes the effect of external market factors on the success of the project financing phase
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