Donor: World Bank (WB)
Donor Countries: Multi-donor
Description: Covers private lenders, or investors through shareholder loans, against the risk of a government (or governmentowned entity) failing to perform its contractual obligations with respect to a private project. Specifically, PRGs can cover currency inconvertibility/non-transferability; political force majeure risks such as expropriation; war and civil disturbance; material adverse government action; government's contractual payment obligations; regulatory risk; change of law and regulations; negation or cancellation of license and approval; non-allowance for agreed tariff adjustment formula or regime; contractual performance of offtake agreements or input supply agreements, frustration of arbitration; and certain force majeure events
Location: Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Chad, Comoros, Côte d'Ivoire, Democratic Republic of the Congo, Eritrea, Ethiopia, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Togo, Uganda, Zambia, Zimbabwe
On- or Off-Grid: Both
Geography: World Bank IDA borrowing countries
Eligibility: Projects with private participation dependent on certain government contractual undertaking, such as: Build-OperateTransfer (BOT) and concession projects; Public-Private Partnership (PPP) projects; privatizations. Can be either greenfield or existing projects. Requires World Bank due diligence and approval by the Board.
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