Public-Sector Financial Support

This chapter covers financial support to projects from Contracting Authorities or other government entities in the Host Country. Cross-border support provided by ECAs and DFIs is discussed in Chapter 16. Some form of indirect public-sector financial support is found in many projects (§15.2), but this chapter deals with direct financial support in various ways (§15.3), through public-sector loans (§15.4–§15.9), grants (§15.10–§15.13), debt guarantees (§15.14–§15.14) and revenue support (§15.18–0), as well as the use of a public-sector Project Company (§15.20). A government may also set up a guarantee fund, to provide investors and lenders with more certainty that there will be funds available to meet guarantee obligations (§15.21).