I learned project management in terms of financing, political, commercial risk and some solutions by inviting assistance via financial institutions. The lecture concentrating in leasing, commercial export credit, export credit agency and aid financing.
Lessor lease company, equipment manufacturer or financial institution, and gain the rents from lessee. There are two types of this financing: operating and financial lease(capital lease). The main benefit is the tax can be postponed which is less costly. About commercial export credit, company can avoid commercial and political risk and the loan is used for foreign customers’ purchasing of equipment. Risks that can’t be taken by banks can be covered by export credit agency. Sometimes it can be more cheaper than private insurance. The aid financing is supported by national government or international entities. And it is functional for infrastructure equipment building. Finpro is a organization that provide services, financing support, and information to finnish companies inter the international market. Finpro also works with the other organizations dedicated to the development to the finnish enterprises.
There are four financing institutions are introduced. The Nordic investment bank is multinational financial institution owned by Nordic countries which provide the opportunities for long maturities on competition. European bank of research and development is owned by 60 countries and 2 intergovernmental institutions to promote transition to market-based economies in 27 countries from Central Europe to Central Asia by investing mainly in private sector. As well as NDF, the Nordic development fond is a multilateral development aid institution owned by five Nordic countries to promote social and infrastructure projects ...