Infrastructure Resilience Development Fund (IFC-50800)

Regions
  • World
Geographic location where the impacts of the investment may be experienced.
Specific Location
Latin America; Asia; Africa
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jun 27, 2025
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
Infrastructure Resilience Development Fund
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 Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 130.00 million
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 May 13, 2026

Disclosed by Bank Mar 26, 2026

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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.

According to the Bank’s website, the proposed investment is an IFC commitment of up to US$130 million, not to exceed 20% of total fund commitments, in the Infrastructure Resilience Development Fund (IRDF), a global closed-end private infrastructure debt fund. The Fund aims to enhance system-wide community resilience in emerging markets by investing in U.S. dollar-denominated senior and mezzanine infrastructure debt instruments. It will be managed by BlackRock Financial Management, Inc. (BlackRock or the Fund Manager) one of the world’s leading providers of investment, advisory, and risk management solutions. The Fund comprises three investment vehicles aligned to the risk expectations of institutional investors. The Fund will target 40% to 60% of investments in Latin America, 30% to 50% in Asia, and 10% to 20% in Africa.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: FI-2 - Limited
The Project will support BlackRock's Infrastructure Resilience Development Fund (IRDF or Fund), a structured debt fund aiming to invest in infrastructure assets across Latin America, Asia and Africa. The Fund will focus on infra sub-sectors such as logistic and transport, power and energy, digital infrastructure and social infrastructure, which are considered to entail medium to high E&S risks. The Project will not support coal-related activities, or sub-projects in the oil & gas sectors.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed investment is an IFC commitment of US$130 million, not to exceed 20% of total fund commitments.
IFC's investment will be split between (i) up to US$95 million in the Blended Fund and (ii) up to US$35 million in the mezzanine tranche of the Junior Fund.

IFC's Investment as Approved by the Board:
Loan 35.0 million (USD)
Equity 95.0 million (USD)

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The fund will be managed by BlackRock Financial Management, Inc. BlackRock is a U.S.-based global asset manager listed on the New York Stock Exchange and operates in more than 60 offices in the main global financial hubs. It has presence in more than 30 countries across the Americas, Europe Middle East and Africa (EMEA) and Asia-Pacific. BlackRock's largest shareholders include institutional investors such as The Vanguard Group, Capital Group, and State Street, with company insiders holding a relatively small percentage of shares. The majority of BlackRock's shares are widely held by public and institutional investors.


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.

For Inquiries About the Project, Contact

BlackRock - Global Infrastructure Partners
Matt Kaczmarek
Managing Director
+13104998999
matt.kaczmarek@blackrock.com
2951 28th Street Suite 1000 Santa Monica, CA 90405
https://www.global-infra.com/contact-us/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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