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The study explores a mechanism to transfer non-sovereign MDB loans to African institutional investors, particularly pension funds, in East and West Africa. It identifies a potential pool of eligible assets from the IFC and AfDB and estimates that up to US$8.69 billion in pension assets could be allocated to such a vehicle if locally domiciled. The report proposes a phased implementation starting with a pilot, managed by a dedicated Fund Manager, using an umbrella fund structure with local currency sub-funds to mitigate foreign exchange risks.