IFC - GIPDF 3 (IFC-41446)

Regions
  • World
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 30, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
IFC-CIN CLIENTS
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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

 

ACCOUNTABILITY MECHANISM OF IFC

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/

How it works

How it works