Anil Bhandari
Anil Bhandari
Anil Bhandari
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IBRD/IDA Partial Risk Guarantees<br />
Description:<br />
• generally private sector projects (Greenfield/privatization/concession/other ession/other PPP)<br />
• cover debt financing against specific sovereign contractual obligations committed to project<br />
(coverage of equity in context of privatization through limited recourse or L/C structure)<br />
• require counter-guarantee from government<br />
• coverage of risks related to government performance:<br />
IBRD/IDA Guarantees<br />
• convertibility & transferability foreign exchange<br />
• political/natural force majeure (incl. expropriation)<br />
• regulatory/tariff framework<br />
• changes in Licensing Arrangements<br />
• Frustration of Arbitration<br />
• Subsidies/ Minimum Revenue Guarantees<br />
• PSO payments/Shadow tolls.<br />
Project<br />
Company<br />
Government<br />
Undertakings<br />
Government<br />
Loans<br />
Indemnity<br />
Agreement<br />
Commercial<br />
Lenders<br />
PRG<br />
World Bank
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