Choose the lightest vehicle that does the job

Lightest and fastest

1. 1A clause in an existing grantA results-based tranche inside a grant already held. It uses the entity and the counterparty you have.
2. 2A bilateral contractAn outcome contract between payer, investor and implementer. The Ethiopia and Kenya bonds sit here.
3. 3A guarantee from another partyA guarantor covers part of a lender's loss. Mozambique, and the India working capital facility.
4. 4A hosted or managed facilityA pooled facility hosted by an existing institution. The Tanzania revolving fund and the UNICEF WASH facility.
5. 5A separate vehicle or fundA regulated fund or a listed company. TRIAD in India, Inclusio in Belgium at EUR 153m.

Heaviest and slowest