← Syndicated Loans and Cross-Border Project Finance

Cross-border structuring and the syndication capstone

Module 05 / 5 · 70 min

Bring in DFIs, export credit agencies and political risk cover, manage FX and sovereign risk, and negotiate the Ankober deal to signing.

In this module you will learn to

Explain A/B loans, export credit agency cover and MIGA guarantees and when each fits
Apply the external loan rules of FXD/01/2024 as amended by FXD/04/2026
Stress a mixed-currency structure for currency depreciation and design mitigants
Assess sovereign and transfer risk after Ethiopia's debt restructuring and negotiate a cross-border deal to signing

Built on

Erudite Africa course specification 1.o: Syndicated Loans and Cross-Border Project Finance, Levels 1 and 2 (October 2026)
Erudite Africa Training Module: Ethiopian Context, programme overview and regulatory register (October 2026)
NBE directives as listed in the lessons: SBB/87/2024, SBB/88/2024, SBB/90/2024, SBB/95/2025, SBB/96/2025, NBE/INT/13/2026, FXD/01/2024 and FXD/04/2026
A commercial bank's Revised Credit Procedure Manual (August 2025), unnamed
Banking Business Proclamation No. 1360/2025; Public Private Partnership Proclamation No. 1076/2018 as amended; Ministry of Finance Public Sector Debt Statistical Bulletin No. 56
Loan Market Association documentation conventions, IFC Performance Standards, Equator Principles and MIGA cover types (general market practice)

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.