How does the World Bank guarantee relate to participation by export credit agencies in specific projects?
Since the export credit agencies are major participants in private infrastructure projects, the World Bank expects to work alongside them as partners on an ongoing basis. Normally, the World Bank guarantee will not cover any part of an export credit agency financing tranche. However, in exceptional circumstances, if a particular risk could not be covered by any other party, and the project could not be financed without such a cover, the World Bank could consider guaranteeing such a risk on the same tranche.
