ABSTRACT
Generally speaking, project financing stands for raising finance for a project. Project financing may relate to a private project or a project in which a government or a government-sponsored body may be involved. A project involving a government or a government-sponsored body entails raising finance from international financial institutions, such as the World Bank Group or the European Bank for Reconstruction and Development or other such institutions, and in that event, the recommended practice of such institutions is required to be followed.
