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Guidelines for Preparing Performance Evaluation Reports on Nonsovereign Operations
Guidelines, Handbooks, and Manuals Publication Date: February 2007 ADB conducts both sovereign and nonsovereign operations (NSO). An NSO is defined as an ADB-financed transaction in the form of a guarantee, loan, or equity investment, with a subsovereign, state-owned enterprise, other public private entity, or private sector entity as obligor or investee, normally without direct sovereign indemnity. These Guidelines have been prepared to facilitate evaluations of NSOs by the Operations Evaluation Department.
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