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Does finance-readiness mean financeability?

No. Finance-readiness does not mean financeability. 

Finance-readiness means that a matter is being prepared so that finance-related questions can be understood more clearly. It may include organizing evidence, identifying gaps, clarifying risk, mapping stakeholders, documenting public-good rationale, identifying insurance questions, and improving the structure of information for future review. 

Financeability is a downstream determination made by competent financial actors through their own processes. It may depend on legal structure, cash flows, credit risk, collateral, guarantees, market conditions, investor appetite, public finance rules, procurement status, insurance availability, governance, technical feasibility, and many other factors. 

GRA does not decide financeability. It does not guarantee that a project, company, SPV, portfolio, fund, or national pathway can be financed. 

A finance-readiness record may be useful, but it is not a financing decision. 

The safe distinction is: 

Finance-readiness means preparation for review. 

Financeability means a financing conclusion by competent actors. 

GRA supports the first. It does not provide the second. 

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