Joint participation of the World Bank and other agencies or lenders in providing funds to developing countries.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved