Cofinancing Agreement

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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 ?
Jeddah: IsDB and the French Agency for Development (AFD) leaders signed a US $1 billion co-financing agreement to support countries in the Sahel Region.
6-billion) co-financing agreement beyond 2018 remains unclear.
This significant co-financing agreement will also help Meezan Bank move closer to its Vision of establishing 'Islamic banking as banking of first choice' by providing innovative Islamic financing solutions and serving as employment generator of our economy.
The loan was provided in a co-financing agreement with a bank syndicate led by HSBC's Tokyo Branch and others as lead arrangers.
Doha Film Institute has signed a co-financing agreement on The Idol (Ya Tayr El Tayr), a biopic of Mohammad Assaf, the wedding singer from Gaza who went on to win the Arab Idol in 2013.
Rana Kapoor, MD & CEO, Yes Bank, said, 'This significant co-financing agreement with OPIC reinforces the faith reposed by the world's leading development finance institutions in Yes bank's business model.
The involvement of the SFD in Mozambique's poverty reduction strategies began in 2011, with the signing of a co-financing agreement for Maputo City coastal protection.
VIENNA, April 23 (KUNA) -- The Asian Development Bank (ADB) and OPEC Fund for International Development (OFID), signed a framework co-financing agreement to fund joint projects tackling Asia and the Pacific's pressing public sector needs, OFID said Monday.
Meanwhile, Korea's Strategy and Finance Ministry and the AfDB signed in Seoul on September 15, a memorandum of understanding (MOU) extending their US$250 million co-financing agreement to 2011-2013.
In November 2008, the Government of Sindh signed a co-financing agreement with the UNDP to replicate 500 houses in the coastal belt of Sindh (200 houses each in Badin and Thatta and 100 in Karachi).
3m) co-financing agreement between Tamkeen and Bahrain-based Al Edbaa Bank.
In November of 2003, it joined with the bilateral institutions of the EDFI to contribute, through a new co-financing agreement, to the promotion of the private sector in developing countries.