IFI guarantees could address many of the constraints facing bond investors. Guaranteed debt would bear a triple-A rating; the controlling creditor role could be taken by the IFI; and investors will not have to develop staffing to participate in the structuring of projects and to analyse specific project risks. Additionally, such a guarantee could, in principle, be structured for a wider international coverage than was the case with monoline guarantees (or will be the case with national guarantee programmes like that of France).