Instrument Description

Loan capital (no ownership stake) to a portfolio of projects (e.g., water treatment facilities, commercial real estate), companies, or individuals (e.g., microfinance loans for farmers).

Concessionality

Similar to project finance, financing facilities can offer varying levels of concessionality. These can include subordinate debt or equity (with at or below market return requirements), longer debt tenors or fund horizons, or supplemental grant capital for technical assistance or project preparation.