Cofinancing agreements

Cofinancing agreements

Joint participation of the World Bank and other agencies or lenders in providing funds to developing countries.

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 ?
ADB successfully engaged new partners in 2016, entering into cofinancing agreements with the Bank of Beijing for an energy project in the Peoples Republic of China, and with the Saudi Fund for Development for a transport project in the Kyrgyz Republic.