LESSONS LEARNED

•  Multilateral support from institutions such as MIGA and the AfDB is critical to attracting private finance in regional infrastructure because they mitigate some of the financial and economic risks that underlie such transactions.

•  It is essential to have adequate financing at the onset of projects in order to prevent financing gaps that would otherwise appear once the project has started.

•  It is challenging to involve conventional financing facilities with Sharia-compliant Islamic facilities because of the difference in financing terms.