The Infrastructure Crisis Facility will help ensure that viable, privately funded infrastructure projects in emerging markets have access to funding to weather the financial crisis.
Infrastructure—roads, ports, and transmission lines—provides basic human services such as gas for heating or cooking, and it is central to enabling trade and competitiveness. Good infrastructure projects are a top priority in the quest for sustainable economic growth, but the unfolding financial crisis is endangering these projects. The facility will bridge the financing gap for private or public-private partnership infrastructure projects in emerging markets.
The facility will comprise a loan financing trust, an equity facility, and an advisory facility. The loan and equity components are intended to provide funding to stabilize existing, viable infrastructure projects facing temporary liquidity problems due to limited private participation. Both will also enable some continuation of new project development in private infrastructure.
IFC will provide $300 million to the fund and is seeking additional funding from governments and other institutions.
Last Updated: 14 Oct 2009 |
