notsuperstitious
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Sovereign guarantee has nothing to do with policy change.
Sovereign guarantees are given by host governments to assure project lenders that the government will take certain actions or refrain from taking certain actions...
As I said, its a guarantee by the state, i.e. the sovereign, there are terms and conditions attached, case by case or as matter of policy for sectoral initiatives by a state. It does not mean a blank check. You are just assuming it is one without even having access to details.
As I said, given the mindset of BD ppl, its too risky. I don't even like sahara as a company, but I don't want an indian company held hostage to the very low level hatred based internal politics of BD.