IFC - GIPDF 3 (IFC-41446)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
IFC-CIN CLIENTS
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 4, 2018

Disclosed by Bank Apr 25, 2018


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Can you contribute information about this project?
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Project Description

The proposed project is the renewal of the operations of the Global Infrastructure Project Development Fund, also known as IFC InfraVentures, an initiative to support early-stage private and Public Private Partnership infrastructure projects commercially by (a) providing project development support; and (b) investing early-stage risk capital from an envelope of up to US$150 million under delegated authority.

Investments made via IFC InfraVentures extend IFC’s reach into the early development stages of potential projects, allowing IFC to act as a co-developer and to provide expertise in critical areas of the project development work, helping to structure balanced, bankable and sustainable infrastructure projects in markets where such investments are otherwise limited. 

IFC InfraVentures typically requires prospective projects to meet one of the following criteria: (i) private infrastructure projects or pipelines of projects at an early stage of development, including pilot or ‘proof of concept’ business models; (ii) projects in the process of being tendered, where IFC InfraVentures would support prospective investors on a non-exclusive basis during the selection process to help ensure the bankability of the project, and then to help the winning sponsor finalize the development and bring the project to financial close; (iii) early stage private infrastructure projects or facilities which do not require a contractual relationship with a host government; and (iv) on a select basis, projects or facilities in which the initial engagement of IFC InfraVentures is directly with governments or state-owned entities to define an infrastructure project in order to attract a qualified private sector participant to further develop and implement the project.

The support provided by the IFC InfraVentures’ investments includes co-funding of and providing expertise in development activities, such as: (i) E&S impact and risk assessments and management programs;(ii) financial and legal structuring;(iii) feasibility, market and technical viability assessments; and(iv) mobilization of private debt and equity capital as well as of financial and political risk mitigation mechanisms. IFC InfraVentures’ investee projects each undergo individual Summary of InfraVentures Project (SIVP) disclosure on IFC’s website.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

Oliver Behrend 
Acting Global Head, IFC InfraVentures 
+842439378721 
obehrend@ifc.org 

 

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The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/