“Model for the Evaluation of Project Funding in Emerging Markets” is a Doctoral Dissertation written by Dr. Carlos Cerrato, Managing Director of Evaluation Funding S.L.. The main objective of this dissertation is to develop a model that will assist lenders, investors, and project owners to safely and successfully accomplish the realization of projects and project funding in the private sector of emerging markets.

The model created by Dr. Carlos Cerrato, Managing Director of Evaluation Funding S.L. will serve as a tool for providing potential investors, promoters, and financiers with the information required to decide whether to undertake on investment in a developing country, and how to finance such a project.

The significance of using this model, as contrary to other types of investment appraisals is that the analysis of its major components does not limit itself to answering questions raised by investors/project owners, but also indicates and highlights any other critical impacts that would have to be considered when appraising a project.

The evaluation of International Project Funding, Refinancing, and Acquisition Finance for the Private Sector in Emerging Markets has been the dominant feature of Dr. Carlos Cerrato’s professional life for more than two decades.

Dr. Carlos Cerrato, Managing Director of Evaluation Funding S.L. has been actively involved for many years in the assessment, verification and procurement of funding for a great number of projects (agro-industry, infrastructure, manufacturing and commerce, natural resources, property and tourism).

Dr. Carlos Cerrato worked as a Project Appraiser and Analyst in specialized Financial Trusts in Vaduz Principality of Liechtenstein, and in Zurich, Switzerland and has studied the functioning of Financial Markets in developing countries for many years.

“The Model for the Evaluation of Project Funding in Emerging Markets” has been also a result of collected data and related studies by professionals in the field (Bankers, Economists, Financial Analysts, etc..
The Glossary presented in the dissertation of Dr. Carlos Cerrato ensures that the reader understands the context of the following terms: amortization, appraisal, cash flow, Board of Directors, benefit-cost analysis, collateral, debt/equity ratio, currency of denomination, debt service, drawdown, etc..

Other terms used in the dissertation are: environmental risk, equity, exchange controls, feasibility studies, financial analysis, financial statement, firm commitment, first mortgage, etc.

Additional terms used in the Model for Evaluation of Project Funding in Emerging Markets written by Dr. Carlos Cerrato (Evaluation Funding S.L.) are: full recourse, foreign exchange, hedging, guarantees, interest rate, joint venture, LIBOR Liquidity, loan agreement, syndicated loan, withholding tax, etc..