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Lesson
The choice of a multifinancing facility (MFF)\ as the financing modality for a proposed investment needs to be adequately justified, with due consideration of the fulfillment of preconditions, scope of tranches, and the extent to which an MFF would generate potential value addition in terms of efficiency, portfolio performance, and development results as compared to standalone project-based loans.

Project Number: 37139-023
Project Name: Uttaranchal Power Sector Investment Program - Tranche 1
Report Date:
Lesson
It is particularly important for projects agreements to specify the financing modality of new facilities to be established to avoid or minimize challenges that could hamper implementation.

Project Number: 45098-001
Project Name: Project Preparation and Startup Support Facility
Report Date: