I think another consideration in terms of how the multilateral development banks work and how they're able to both de-risk individual projects and make them of more interest to private sector investors is the technical assistance and the capacity building that goes along with it. There's the ability on a particular project for an MDB to go in and provide support in terms of how to do the environmental assessment, how to assess whether indigenous rights are being respected, and how to set up separate special-purpose allocation accounts to be able to track the investment for the project, moving in and out. There's a lot of technical capacity that the multilateral development banks provide that, for example, pension funds would not be able to provide—or be willing to provide, quite frankly—if they're moving in to invest on a particular project.
I think another consideration as well is that the books of the banks are more balanced internationally. There's a different ability to balance risk because it's such a varied portfolio.