Definition
Government On-Lending Facility – A loan structure where a government re-lends funds it has itself borrowed from an external development lender (a bilateral or multilateral agency) to a state-owned enterprise on matching terms, rather than the SOE borrowing directly from the foreign lender. Lets a state company access long-tenor, often concessional foreign-currency financing while the sovereign retains the direct credit relationship with the original lender. Found In: Notes to Financial Statements (borrowings/related-party disclosures)