Public loans and local guarantees Public loans

(a)  Interest free or low interest loans in order to lower the project's financing costs.

(b)  Subordinated loans provided by the Government may enhance the financial terms of the project by supplementing senior loans provided by commercial banks.

(c)  Available to all project companies in a given sector or temporary assistance to the project company in the event that certain project risks materialize.

(d)  Limitation: to a fixed sum or to a percentage of the total project cost.