Financing The Mozal Project Alusaf

  • Alusaf Hillside Project

    later will be : (1.033)10 x 18,462 = 25,545 thousands tpy The expect price of aluminum will be around $1,510 if projected demand at 20,384 thousands tpy, from referring to the industry supply curve. 4. Given the above prediction, should Alusaf build the proposed Hillside smelter if the required ROI (return of investments) per year is 10%? How about 15%? Is your recommendation sensitive to any other assumption you made? Projected Hillside’s total cost (operating cost + capital investment)

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  • Debt Financing

    short-term debt financing Richard H. Fosberg William Paterson University ABSTRACT In this study, it is shown that both theories put forward to explain the amount of shortterm debt financing that a firm employs have validity. The matching principle correctly predicts that the amount of short-term debt financing that a firm uses is directly related to the quantity of the firm’s current assets. Additionally, other factors that have been shown to affect the levels of long-term debt financing that a firm

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  • Mozal Case

      THE  MOZAL  PROJECT   The  Mozal  Project.  Intro.   Aluminum  Industry     Grow:  2-­‐3%  per  year.   Mission:     •  reduc'on  of  poverty,     •  ensuring  of  economic  stability,   •  new  working  places  crea'on,   •  develop  human  capital,   •  provide  cri'cal  infrastructure.   Loca;on:  Mozambique   Very  poor,     underdeveloped  country:    

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  • Debt Financing

    Nicolas Farrant ACC/543 Debt Financing Week 4 10/15/2012 Negotiable instruments are basically promises to pay, you are basically saying you need the funds right now and will promise to pay the money back in a determined period of time. Business and banks use this type of payment all the time because they may not have the funds on hand at the given time. This is exactly what is going on in the

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  • Alusaf

    Recommendation Although aluminum prices are at relative historic low today, we recommend that Alusaf go ahead with plans to construct the Hillside smelter plant.   Based on the following analyses, we project the price of aluminum to rise to approximately $1,590 per ton in 5 years.   This price exceeds the minimum required level of $1,416 per ton to yield Alusaf a positive net present value (NPV) on its initial plant investment of $1.6 billion.   Analysis of Hillside plant profitability At a minimum

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  • Asc Financing Trends

    ASC Financing and Loans Trends and Challenges: Q&A With Anthony Mai of Sun Healthcare Finance By Rob Kurtz April 09, 2010 Anthony Mai is senior vice president of Sun Healthcare Finance, which offers a full financing solutions and related advisory services to companies across the healthcare industry, including ASCs. Q: What are some of the trends you are seeing in the types of projects ASCs are seeking loans for? What types of loans are they receiving? Anthony Mai: I am seeing still a lot of request

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  • Debt Financing

    Debt Financing Ayivi Koutodjo Business 530 Abiola Fapetu Liberty University Debt financing decision is not a process of couple hours of meeting. It required thorough scrutiny and an effective brainstorming. Managers are, most of time, facing

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  • Financing Proposals

    FINANCING PROPOSALS Methods for financing business operations are contingent on what the majority shareholders want and in what direction they want to steer the company. With that being stated, a series of financing options have been prepared for The Board’s consideration. ISSUANCE OF BONDS OVER STOCK What factors would cause our corporate management to obtain cash by issuing bonds, instead of selling stock? The primary consideration involves the issue of ownership. Are the

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  • Alusaf

    $200 $100 $-­‐ 0 -­‐ 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 $  per  ton LS P1993 D93 18,000 D96 20,000 22,000 Cumula4ve  Capacity  (thousands  of  tons  per  year) 22 Case Update • • Alusaf did build the Hillside plant and completed it on budget The “Hillside” plant was considered a significant success – Operating costs matched estimates – Actual capacity turned out to be 510 ktpy, so the cost of capital per ton of capacity turned out

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  • Alusaf Hillside Project

    9 -7 0 4 -4 5 8 DECEMBER 15, 2003 KENNETH S. CORTS JOHN R. WELLS Alusaf Hillside Project At the beginning of 1994, Alusaf was considering building the world’s largest greenfield primary aluminum smelter, a 466,000-ton-per-year facility at Richard’s Bay, a deepwater port on the east coast of South Africa’s province of Kwa-Zulu Natal. Alusaf was the sole primary aluminum producer in South Africa, operating 170,000 tpy of capacity at the existing “Bayside” facility at Richard’s Bay. Alusaf’s

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  • Ppl Financing Arrangements

    PPL Growth Strategy and Financing Policies Pennsylvania Power and Light Company (PPL) was originally incorporated in 1920 as holding company. 1920-1994 PPL operated as a vertically integrated utility. In 1994 the company’s management recognizing and anticipating changes to the electric utility industry chose to changes it strategy by creating a subsidiary PPL Global “to pursue business opportunities in the unregulated electricity marketplace” (Esty, Ferman3). Senior management recognizing the

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  • Case Study on the Mozal Project

    AFRICA NAZARENE UNIVERSITY MBA 808 – PROJECT MANAGEMENT A CASE STUDY OF: MOZAL PROJECT - INTERNATIONAL INVESTMENT IN AN UNDERDEVELOPED COUNTRY PREPARED BY: JARED OSORO NYAKANG’O NO: 14J03DMBA014 PREPARED FOR: DR. BWIBO ADIERI LECTURER 7th MARCH, 2014 CASE STUDY MOZAL PROJECT - International Investment in an underdeveloped Country Question 1 Summarize the issues and factors that posed risks to the Mozal project. The Mozal project faced a myriad of risks. Some of these are: 1. Infrastructural

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  • Accrual Financing

    Accrual Financing Accounting is an important aspect of every business or organization in the world today. Without proper accounting methods and principles it would be almost impossible for any entity to become profitable while keeping track of its finances. Accrual basis accounting accounts for revenue when it is earned and records it in the period in which the transaction occurred. Cash basis accounting only accounts for revenue when cash is received for services provided or goods delivered

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  • Financing

    Phase 1 Individual Project The difference between managerial accountant and a financial accountant are vastly different. Investopedia defines managerial accounting as the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals. The information that a managerial account has is primarily targeted to assist managers inside the organization to make better decisions for the company ("Financial accounting," ). On the other

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  • External Financing

    Running Head: External Financing Module 1 Assignment 3: External Financing Jahmal Parker Argosy University 3-5-2014 Financial Environment Genesis Corporation is a company that is in financial need with the potential to grow rapidly over the long term. The company develops moderately advanced technical and software that’s fairly in demand for commercial as well as military use. At present Genesis works only in the United States and Canada, with the first operation opening

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  • Financing Growth

    Case Study 2 Financing growth Written by Professor Christine Blondel from INSEAD Senior Advisor to KPMG on Family Business Intelligence First published in October 2013, on the KPMG Family Business blog kpmgfamilybusiness.com Part 1: The Story Case Study 2 Ownership Family Business Part 1: The story Timothy Sages hung up the phone with satisfaction. The franchisee of the Sages group operating supermarkets in the South of the country was willing to sell their operations to the

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  • Islamic Financing

    Islamic Financing for Large Infrastructure Projects Jasper Camacho International Financial Mgmt, Section 1 Fall 2005 Summary This paper examines the growing Islamic finance market and how it is becoming an important source of capital to fund infrastructure projects in the Muslim world. The paper starts by introducing basic tenants of Islamic finance and the problems as it relates to large capital projects. Innovations in Islamic project financing are then introduced along with the complexity

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  • Creative Financing

    Creative financing is a term used widely amongst real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used. The goal of creative financing is generally to purchase, or finance a property, with the buyer/investor using as little of his own money as possible, otherwise known as leveraging, OPM (Other People's Money). Using these techniques an investor may be able to purchase multiple properties using little, or none, of his "own money"

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  • Superbike Financing

    that related to finance sector. I choose “Bank Islam offers superbike financing “as for my individual assignment and presentation. Generally, I have to study and find out why Bank Islam choose to offer superbike financing and what is the reasons due to that. This main finding was that the assumption of increasing profit in sales is increased in this market segment by Bank Islam. Image 1: Example picture of superbike financing by Al-Rajhi Bank 1.0 INTRODUCTION Bank Islam, established in 1983

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  • Financing

    just any team. In our case, the construction company named Habos has been assigned a new project dealing with building a new mall in the subsidiaries of Athens. As it is understood, the project is a big one and the success of it can lead to great profit for our company. Due to the vast needs that the projects needs the company had decided to create an entire group that will has under its responsibility the project. Such a mission needs the team to be constructed by members of different departments of

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  • Alusaf Case

    Alusaf’s Hillside Project • At the beginning of 1994, Alusaf was considering to build the world’s largest smelter (466,000 tpy) at Richard’s Bay in South Africa • A feasibility study was done two years before, but since then the Russian flood had occurred. • Capital cost was projected to be $1.6 billion • Aluminum prices at about $1,110 • Alusaf had long-term contracts that ensured perton alumina and power costs at 41% of aluminum price • Should Alusaf go ahead with the project? How can we use supply-demand

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  • Global Financing

    Global Financing and Exchange Rate Mechanisms Global Financing and Exchange Rate Mechanisms International financial institutions are very important for the world to function. International institutions provide capital, improves the standards of living in developing countries. International institutions include World Bank, IMF, and the regional development banks. This essay defines the roles of international financial institutions; as well as how they are used in financing

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  • Project Report on: Strategic Planning, Financing and Implementing a Preliminary Implemantation

    | ECI PROJECT PLAN2014-15 | bcorp | [Date] | [Course title] | | | ECI PROJECT PLAN2014-15 | bcorp | [Date] | [Course title] | | PROJECT REPORT ON: STRATEGIC PLANNING, FINANCING AND IMPLEMENTING A PRELIMINARY IMPLEMANTATION IN “EXOTIC CAR INC (ECI) FOR 03 YEARS”. With this project report we are explaining about the project strategic plan, analysis, appraisal, finance and preliminary implementation for initial 03 years. Also, we will study all phases of project like - project

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  • Lease Financing

    Lease Financing Brigham and Daves Ch. 19 Christopher B. Alt CFA PhD Topics in Chapter       Types of leases Tax treatment of leases Effects on financial statements Lessee’s analysis Lessor’s analysis Other issues in lease analysis 2 Who Are the Two Parties to a Lease Transaction?    The lessee, who uses the asset and makes the lease, or rental, payments The lessor, who owns the asset and receives the rental payments Note that the lease decision is: a financing

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  • Long-Term Financing

    D4 = $48 / 20 = $2.40 D5 = $50 / 20 = $2.50 $35 + $39 + $43 + $48 + $50 = $215, is the total discretionary cash flow and not a discretionary cash deficit. Chapter 20 Problem A2 A2. (Comparing borrowing costs) Stephens Security has two financing alternatives: (1) A publicly placed $50 million bond issue. Issuance costs are $1 million, the bond has a 9% coupon paid semiannually, and the bond has a 20-year life. (2) A $50 million private placement with a large pension fund. Issuance costs

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  • Mozal Project

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  • Reasl Estate Financing

    A TERM PAPER ONReal Estate Financing | | A TERM PAPER ONReal Estate Financing | | Contents Real Estate Sector in India 2 Role of Government in Real Estate Financing 3 What is a REIT? 3 REIT in India 4 Impact of Government Measures on Real Estate Financing 5 Why would Real Estate Finance work in India 7 Affordable Housing: 7 Smart City Investment Opportunity: 8 Smaller Tier 2 and Tier 3 Cities Offering Immense Growth Potentials: 8 Tier 2 and tier 3 cities have

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  • Sources of Financing

    625 1.1 Sources of Financing There are basically two types of financing; debt and equity financing. Equity financing means trading a share of ownership ofbusiness for a financial investment in the organization or company. Investment in the equity results in sharing of company’s profit and loss. Equity financing represents permanent investment in an organization and cannot be paid back at later stage. Equity financing is done by the investment throughpersonal savings, life insurance policies

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  • Project Financing

    Definition of Project Financing Meaning of Project Financing ✓ This is a form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. ✓ A mode of financing the project where the repayment is based on the cash flows after the completion of the project and the fixed assets involved in the project are kept as collateral. ✓ It is a way to raise nonrecourse financing for a specific project characterized by the following: (1) The project is a separate

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  • Financing

    operation would use the funds to maintain the business goals. Therefore, if the funds are not properly managed, the funds might be distributed to assets or expenses which would not help project of business. The budget which is given to business should be spent properly for the period to make sure that the projects of business are achieved. Cost management is another side of way increasing profitability of product. Cost management should be one of important part of strategy for the company. The objective

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  • Project Financing

    Project Financing Asset-Based Financial Engineering Second Edition JOHN D. FINNERTY, Ph.D. John Wiley & Sons, Inc. Project Financing Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance

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  • Sme Financing

    SME Financing in the United Arab Emirates www.khalifafund.ae SME Financing in the United Arab Emirates Executive Summary 1. Introduction & Context 1.1 Background to the Study 1.2 Objectives of this Work 1.3 Consultations 1.4 Limitations 2.1 Definition of ‘SME’ 2.1.1 EU Definition of SME 2.1.2 World Bank Definition of SME 2.1.3 Criteria Used by Banks to Define SMEs 2.1.4 UAE Definitions of SME 2.2 Current overview of SME prevalence in Abu Dhabi/UAE 3.1 Scale

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  • Th Emozal Project

        Financing the Mozal Project Li Hongru, Ji Bian & Frantz Moudoute Analysis of an Project Finance case in Mozambique The University of Hong Kong, MBA Class of 2016 Summary   Summary ........................................................................................................................................ 2 The  Mozal  project  –  Presentation ........................................................................................... 3 Project  Financing  –  Definition

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  • Financing and Investing

    Financing and Investing By: Marissa Woodring Introduction to Accounting Professor Genet August 12, 2009 Abstract I will be explaining what is important for each company to know about our financial statements here at Target. This way, my supervisor knows what to prepare for in an upcoming meeting with two companies that are willing to invest and finance with the Target Corporation. Financing and Investing Two companies are looking into working with the Target Corporation. One company

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  • Project Financing

    Project Financing Melissa Austin PJM 535 – Project Metrics, Monitoring, and Control Colorado State University – Global Campus Dr. Scott Burch August 23, 2015 Project Financing Project financing is a loan by a lender in which the debt gets paid back from the cash flow the project generates (Investopedia, 2015). With project financing of course risks are involved. The risks can fall into five different sections: financial, development, political, organizational, and execution (Kerzner, 2013)

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  • Financing

    perform regression analysis later on, includes financial debt measured through the following equation: Financial Debt Ratio = (Short Term Loans + Long Term Loans)/Total Assets (6) This is used in order to establish relation between the external financing of the firm and its total assets. Finally the dependent variable used is that of gross operating profit. In order to obtain this variable we subtract cost of goods sold from total sales and divide the result with total assets minus financial

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  • Financing Options

    the money coming from? How will the business get bankrolled from startup costs to operating cost before enough transactions happen before profits start to show? This paper will analyze three options to financing this new restaurant. Financing Options The first consideration of where financing will come from is personal assets. According to the U.S. Small Business Association, a person is not eligible for any financial assistance without first "using alternative financial resources, including

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  • Entrepreneurial Financing

    entrepreneurs discover they need to attract money to fully commercialize their concepts. Thus they must find investors – such as their own employer, a bank, an angel investor, a venture capital fund, a public stock offering or some other source of financing. When dealing with most classic sources of founding, entrepreneurs face numerous challenges: scepticism towards the business and financial plans, requests for large equity stakes, tight control and managerial influence and limited understanding of

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  • Alusaf Case Analysis

    The decision facing Alusaf Aluminum is whether or not to build a new smelting plant. It is the recommendation of the Petrel Consulting Team that given current market conditions, our predictions of future market conditions, and the return on investment (ROI) requirement, that the plant not be built. The analysis behind this decision was conducted in two discrete pieces: The market price needed to reach a 15% ROI; and a projection of the probability of reaching said price within a 5-year time horizon

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  • Project Financing

    QUESTION: Short Notes on Infrastructure Projects. Introduction “Imagine one lived in a place where there were no pipes to carry water to your faucet and your toilet, no pipes to carry away your waste, no wires to power your appliances and computers and to light your home, no wires to carry telephone conversations and your internet messages, no roads on which to drive, no railroad tracks to guise trains, and no bridges to cross rivers, Would that be a place where you would want to live?”. These

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  • Alusaf Project Paper

    $100 $-­‐ 0 -­‐ 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 Cumula4ve  Capacity  (thousands  of  tons  per  year) D96 20,000 22,000 22 Case Update • • • • • Alusaf did build the Hillside plant and completed it on budget The “Hillside” plant was considered a significant success – Operating costs matched estimates – Actual capacity turned out to be 510 ktpy, so the cost of capital per ton of capacity turned

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  • Islamic Financing

    SUMMARY OF ARTICLE 6 TITTLE: Home Financing through the Musharakah Mutanaqisah Contracts: Some Practical Issues by Ahamed Kameel Mydin Meera and Dzuljastri Abdul Razak. As an introduction, authors made a comparison between Al-Bay’ Bithaman Ajil (BBA) and Musharakah Mutanaqisah Partnership (MMP) where they contended that MMP is better than BBA due to few reasons. BBA was claimed to has higher financing balance compared to conventional loan and on the other side as for bankers, liquidity management

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  • Ppp and Project Financing in Logistics Infrastructure

    Project Finance and Private Public Partnership in financing logistics infrastructure. Introduction Finance scholars acknowledge a clear-cut distinction between corporate finance and project finance. The two techniques are considered as basically different approaches to the problem of raising debt to fund capital investments. In corporate finance lenders assess the creditworthy of a whole company, evaluating the going concern, the full range of projects in place, and the cautional value of all the

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  • Financing Lease

    additional leverage. Finance lease expenses are allocated between interest expense and principal value much like a bond or loan; therefore, in a statement of cash flows, part of the lease payments are reported under operating cash flow but part under financing cash flow. Therefore, operating cash flow increases. Under operating lease conditions, lease obligations are not recognized; therefore, leverage ratios are understated and ratios of return (ROE and ROA) are overstated. The key IFRS criterion is:

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  • Financing Strategy

    Running Head: Financing Strategy John Smith Grace University (This a financing strategy document written in APA and relying on two sources. The document proposes a fixed rate, non-recourse construction-permanent loan of $75 million that will be sought from experienced lenders to finance the 100-unit apartment building project.) Financing Strategy Document I. Preamble The proposed company will be a development firm which will focus on developing urban villages geared specifically

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  • Financing Option

    FINANCING OPTIONS FOR SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA BY SAS ARUWA BY SAS ARUWA Department of Economics and Management Sciences, Nigerian Defence Academy, Kaduna Abstract Government has identified the need for the development of Small and Medium Scale Enterprises (SME). One of such sectoral strategies is the introduction and pursuit of policies such as concessionary financing to encourage and strengthen the growth of SMEs in Nigeria. In this paper, a random sample of 10 formal/

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  • Alternative Financing

    Grade: 70/70 Excellent! Week Five: Assignment: Alternative Financing Plans   |Assignment: Alternative Financing Plans |Due Date: | |  |Available |Points |Comments | | |Points |Earned | | |All key elements of the assignment are |15 |15 | Correct! | |covered in a substantive way.   |

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  • Project Financing

    PROJECT REPORT ON SMEs PROJECT FINANCING BY BANKS SUBMITTED TO: PROF. MAYANK PATEL AND PROF. RAVIRAJ GOHIL SUBMITTED BY: MRINKAL GARG 1011113076 2011-13 2012 ACKNOWLEDGEMENT This is to acknowledge all those without whom this project would not have been a reality. Firstly I would to convey my heartfelt thank to my Professors, Prof. Mayank Patel and Prof. Raviraj Gohil, who always help me by giving valuable suggestions and guidance for completion of this project. I am also

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  • Financing Federalism

    Service Fund. The second largest expenditure was allotments to local governments, the IRA, which accounted for 19.0 percent of the budget. The other major expenditures were those on education, 12.0 percent (Department of Education) and public works projects, i.e. 8.0 percent went to the Department of Public Works (Table 1) [pic] One-fifth or 19.77 percent of the expenditures of government’s departments was disbursed by the Central Offices and another 33.49 percent was also disbursed

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  • Risk Management

    1. Introduction: In June 1997, board of the International Finance Corporation (IFC) was proposed with a $120 million debt-side investment opportunity in the Mozal project, a $1.4 billion aluminum smelter in Mozambique. The initiative shareholders approached IFC for their participation in debt-side financing in pursue of the commercial viability and development impact. In this report, we will be analysing the project’s major risks that are expected to arise in the future, as well as assessing

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