RT Journal Article
SR Electronic
T1 Azito
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 38
OP 53
DO 10.3905/jsf.2000.320229
VO 6
IS 3
A1 John S. Strong
YR 2000
UL https://pm-research.com/content/6/3/38.abstract
AB The Azito power project in Cĉte d'Ivoire is the first major infrastructure project in West Africa to receive term finance from commercial banks. The project involves innovative guarantee structures for both institutional and financial performance. Azito involves a major restructuring of the power sector (including pre-existing concession structures) and significant coordination between the government, nongovernmental organizations (NGOs), project sponsors, and multilateral and commercial financial institutions. The social, economic, and financial issues involved have significant lessons for project finance in Africa.