No. GRA does not provide guarantees.
GRA does not provide credit guarantees, sovereign guarantees, municipal guarantees, performance guarantees, payment guarantees, political risk guarantees, insurance guarantees, development finance guarantees, first-loss guarantees, revenue guarantees, completion guarantees, or any other guarantee.
GRA also does not commit any public, private, philanthropic, sovereign, donor, insurance, reinsurance, DFI, or institutional capital as a guarantee.
Guarantees are formal legal and financial commitments that require authorized guarantors, legal documentation, risk assessment, approvals, capital allocation, conditions, and enforceable obligations. GRA does not perform that function.
GRA may help identify where a guarantee question exists. For example, a resilience project may appear to require credit enhancement, public support, revenue stabilization, insurance, or risk-sharing for future review. That observation is not a guarantee and should not be described as one.
No participant should claim that GRA, Nexus, NFD, RNFD, UNSFD, Nexus Universe, a National Desk, or a National Stewardship Council provides guarantees.
GRA does not guarantee finance, performance, repayment, risk transfer, or public backing.
