国际项目融资答案2023秋

第四章测试

1.Many development institutions and governments have established project preparation facilities to provide funding for feasibility, preparatory and procurement activities. Examples include:（ ）
A:a European Union fund to help finance the preparation of infrastructure projects in South Africa B:Savings bank loan funds C:the African Development Bank’s Africa program, a fund to, inter alia, provide funding for early stage project development D:the Global Infrastructure Facility recently established under the auspices of the World Bank
答案:ACD
2.The sponsor and its financial advisor will be working on arranging finance. Work will be undertaken in a number of inter-related areas.These areas include:（ ）
A:a review of the project’s technical feasibility studies to obtain information on cost estimates, expenditure schedules and the local currency/foreign exchange breakdown of these expenditures. B:selection of the types of lenders that would be the most appropriate for the project and creation of a general strategy for approaching these lenders and creating a final finance plan C:creation of a financial simulation model for the project as an essential tool to run the sensitivity analysis and alternative funding scenarios needed before final decisions are made on financial issues related to the project. D:a determination of the most feasible debt-to-equity ratio for the project based on an assessment of the expected strength and certainty of the project’s expected cash flow and the potential security and back-up credit support for the debt 3.The financial model consists of a series of worksheets that serve as the basis for preparing a spreadsheet that can be used to create a series of alternative scenarios, sensitivity analyses or stress tests that illustrate how project performance and the revenue stream might be affected by changes in key project variables like interest rates, loan maturity, the debt-equity ratio and project costs and revenues. （ ）
A:对 B:错 4.Mezzanine capital (or hybrid finance) has a mix of the equity and debt characteristics includes: preferred shares; subordinated debt; zero coupon bonds; and convertible debt. （ ）
A:错 B:对 5.In many cases there is a public issue of equity, and occasionally the host government provides equity either in cash or in-kind. （ ）
A:对 B:错