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.
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They also called for stronger institutional and operational cooperation in line with the framework cofinancing agreement signed between IDB and ADB in September 2008.
IDB, ADB discuss ways to tackle global crisis

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