Category of Support
Finance » Guarantees
Donors
World Bank (WB)
Users
Private Sector
Description
Covers private lenders, or investors through shareholder loans, against the risk of a government (or government-owned entity) failing to perform its contractual obligations with respect to a private project. Specifically, PRGs can cover currency inconvertibility/non-transferability; political force majeure risks such as expropriation; war and civil disturbance; material adverse government action; government's contractual payment obligations; regulatory risk; change of law and regulations; negation or cancellation of license and approval; non-allowance for agreed tariff adjustment formula or regime; contractual performance of offtake agreements or input supply agreements, frustration of arbitration; and certain force majeure events
Locations
Benin
Burkina Faso
Burundi
Cape Verde
Cameroon
Central African Republic
Chad
Comoros
Cote d'Ivoire
Democratic Republic of the Congo
Eritrea
Ethiopia
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mozambique
Niger
Nigeria
Republic of the Congo
Rwanda
Sao Tome and Principe
Senegal
Sierra Leone
Somalia
South Sudan
Sub Saharan Africa
Sudan
Tanzania
Togo
Uganda
Zambia
Zimbabwe
Grid Status
Both
Geography
World Bank IDA borrowing countries
Eligibility
Projects with private participation dependent on certain government contractual undertaking, such as: Build-Operate-Transfer (BOT) and concession projects; Public-Private Partnership (PPP) projects; privatizations. Can be either greenfield or existing projects. Requires World Bank due diligence and approval by the Board.
Point of Contact
Pankaj Gupta, Manager, World Bank Energy Global Practice Financial Solutions, pgupta2@ifc.org