Cooperating in Latin America beyond the ALA Mandate Sample Clauses

Cooperating in Latin America beyond the ALA Mandate. In the case of certain large scale, emblematic projects of mutual interest in Latin America, the EIB could also lend outside of the financial envelope of the ALA Mandate. Under such structure, the political risks borne by the commercial guarantors of the EIB loans would no longer be covered by the EU budget. Those risks would therefore have to be externalized. Given the IDB’s capacity to use different instruments to promote private sector investment in its borrowing member countries (such as loans and guarantees), the IDB and the EIB will 2 It should be noted that the EIB has already signed a loan, intermediated through CABEI, in support of the SIEPAC power interconnection system in Central America. jointly explore the possibilities for maximizing their respective catalytic capacities to attract private investment to the region.
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Related to Cooperating in Latin America beyond the ALA Mandate

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