Setting up the company

The funds can be released once IFU has approved the investment agreement and the disbursement terms have been met.

The funds can be released once IFU has approved the investment agreement and the disbursement terms have been met.

The disbursement terms include a legal opinion by a lawyer based in the host country. The purpose of a legal opinion is to ensure that the company holds all the necessary licences and that it will, for instance, be able to obtain a licence to operate.

If not all licences are in place before the funds are required, IFU will make an individual assessment as to whether the funds can be released anyway, for instance if IFU has experience from other projects in the country in question.

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