Project finance funds long-term infrastructure and industrial projects using nonrecourse structure. Debt is repaid solely from project's cash flow, with project assets as collateral. Projects are typically held off-balance sheet in separate subsidiaries
East Africa comprises 13 countries in four major regional economic communities. Tanzania became the latest country to transition from low-income to middle-income. Region's growth rate averaged 4.9% in 2018 and 5.3% in 2019
Active investments require significant share capital investment over 5%. Procedures support EBRD FIs in managing environmental and social risks. Different procedures apply for active versus passive investments
Project finance provides long-term financing based on project cash flows rather than sponsors' balance sheets. Typically involves sponsors and syndicate of banks providing non-recourse loans secured by project assets. Special purpose entities shield sponsors' assets from project failures
CAIA is a professional designation offered by CAIA Association. Alternative investments include hedge funds, private equity, real assets, commodities. CAIA Association was founded in 2002 by AIMA and CISDM. Over 13,000 CAIA members as of 2024
Established in 1944 as first World Bank, headquartered in Washington, D.C. Initially focused on European reconstruction after World War II. Governed by 189 member states represented on Board of Governors. Operates with approximately 10,000 employees