Case Studies on Policy Based Guarantees

This document presents a series of case studies focusing on Policy Based Guarantees (PBG) provided by Standard Chartered for various countries, including Pakistan, Côte d’Ivoire, Rwanda, and Angola. Each case study outlines the financial arrangements, including the amounts involved and the specific objectives of the financing. For instance, the PBG for Pakistan involved a USD 700 million facility aimed at supporting economic reforms and enhancing transparency in State-Owned Enterprises. The Côte d’Ivoire case study highlights a EUR 433 million Sustainability Linked Loan that links financial conditions to sustainability performance targets. Rwanda's case study discusses a financing structure combining first and second loss guarantees to support fiscal sustainability and job creation. Lastly, the Angola case study details a USD 910 million Project Based Guarantee aimed at improving access to potable water. Each case study emphasizes the role of the guarantees in facilitating international financing and supporting critical reforms.