QUESTION 32

Which statement referring to the role of multilateral financial institutions is false?

	A.	In accordance with their policies, they don't take on financial commitments in countries with high political risk.
	B.	They participate in privatization.
	C.	They also promote private financing.

QUESTION 33

Not included among bilateral agencies are:

	A.	Development agencies.
	B.	Export credit agencies (ECA).
	C.	Banks.

QUESTION 34

Mezzanine finance:

	A.	Obliges sponsors to inject more capital.
	B.	Allows senior lenders to benefit from a higher level of protection against bankruptcy of the SPV.
	C.	Lowers the level of guarantees for all lenders.

QUESTION 35

The underlying rationale of sensitivity analysis lies in:

	A.	The creation of a large number of scenarios to show the level of depth attained by the advisor in designing the initiative.
	B.	The evaluation of the effects which derive from variations of all variables that can impact project cash flows.
	C.	The evaluation of the effects which derive from variations in key variables that impact the project.

QUESTION 36

Advisory services for project finance initiatives:

	A.	Are inextricably related to the aspects of the financing.
	B.	Require huge amounts of capital.
	C.	Can be provided by parties other than financial intermediaries.