Also, “bankable” projects imply de-risking by the public sector through provision of subsidies, which may erode governments’ financial capacity to execute other elements of the national development plan. All this suggests that, within a clearly established national development strategy, the terms of project “bankability” should be set not by private actors but - if at all - by national governments to ensure consistency between means and ends. That is, the state should decide both what general (macro, institutional, regulatory) and specific conditions it may want to provide and what projects should be prioritized and (in case it decides in favour of private sector involvement) on what terms this should happen to ensure that private engagement is in line with national objectives.