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    "en": "A set of financial, technical, institutional, environmental, and social characteristics that make a project attractive and viable for financing by public or private investors. A project is bankable, whether from public or private sources, when its risk-return profile meets investors' criteria and it can secure finance to implement the project. Key criteria include the likelihood of meeting the project's financial, environmental, and social goals; sufficient estimated cash flows to cover costs and produce returns that meet investor expectations; and whether the project will be implemented by a creditworthy entity. For adaptation projects, bankability often depends on addressing challenges such as long payback periods, diffuse or public-good benefits, and uncertain or indirect revenue streams, which may require blended finance, public support, or risk-sharing mechanisms.\n<p>Source: <a href=\"https://ssrn.com/abstract=4704752\">McHugh, 2023</a>. Accessed 21 July 2026.</p>"
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