Blog

MDBs Loans: A New Asset Class for on and off Balance Sheet

Balance sheet management by multilateral development banks (MDBs) with structured financings is in its infancy but path-breaking deals by the African Development Bank (AfDB) and International Finance Corporation (IFC) show the way. Three MDB transactions are presented herein, involving about $13 billion in public and private sector MDB loans. Both of the AfDB deals totaling $3 billion are synthetic where...