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If you don’t work in finance, chances are you don’t use words like
first loss tranche
,
investment grade
, and
institutional investors
. I’ve been working in finance for years, so this terminology is now second nature. But since my friends often ask about my work, I wanted to explain it in a way that doesn’t require a business degree to understand. Here, I describe a program called
MCPP Infrastructure
that IFC recently launched. The “M” doesn’t stand for mango, but that’s what I use (along with an apple, orange, and kiwi) to illustrate the concept.
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