Tag Archives: Infrastructure

World Bank Negative Pledge and Project Financings

By Utku Kirklar One of the main functions of the World Bank, a financial institution mandated with fostering the reconstruction and development of sovereign nations after the Second World War, is to extend loans to the governments (and government-owned entities) of such sovereign nations. Acting through the International Bank for Reconstruction and Development (IBRD) and … Continue Reading

Africa’s Funding Alternative

According to the UN, Africa’s growth has consistently outperformed the global growth rate for the past seven years. In just eight years’ time, it is projected that the continent will boast eight of the fastest growing economies in the world. In order to sustain this aggressive trajectory, and close the gap with the rest of … Continue Reading