Cofinancing Agreement

Cofinancing Agreement

An agreement between the World Bank and another bank or financial institution to extend credit to a government or private organization in the developing world. Cofinancing agreements exist to assist in international development while also spreading the risk between the lenders.
References in periodicals archive ?
The International Fund for Agricultural Development (IFAD) and the Asian Development Bank (ADB) signed a cofinancing agreement today to continue the agencies ongoing collaborative work to transform rural areas into vibrant, productive and food secure communities in the Asia and the Pacific region.
They also called for stronger institutional and operational cooperation in line with the framework cofinancing agreement signed between IDB and ADB in September 2008.
The Asian Development Bank (ADB) and International Fund for Agricultural Development (IFAD) signed a cofinancing agreement today that will allow them to scale up joint efforts to promote food security in Asia and the Pacific, home to two thirds of the world s hungry people.