International Finance Corporation (IFC)

Institution type Multilateral development agency
Ownership Owned by 184 member countries (as of June 2015)
Head Office 2121 Pennsylvania Avenue NW, Washington, DC, 50250 Kuala Lumpur, 20433 U.S.A.
Rating AAA/A-1+ by Standards and Poors and Aaa by Moody’s
Major instruments Full Credit Guarantee, Partial Credit Guarantee
Contact www.ifc.org;
structuredfinance@ifc.org;
Switchboard: (202) 473-1000
Summary

Founded in 1956, International Finance Corporation (IFC) is a member of the World Bank group that work with more than 100 developing countries. The organisation aims to support companies and financial institutions in emerging markets to create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities. IFC provides structured finance products, including the Partial Credit Guarantees, to support cost-effective forms of financing that would not otherwise be readily available to clients.

Comprehensive risk coverage
Instrument name Full Credit Guarantee, Partial Credit Guarantee
Instrument type Guarantee
Eligible projects and borrows Corporate, project, structured and trade financing that:
• meet development objectives of the host country; benefit the local economy
• technically sound; have good prospect of being profitable; environmentally and socially sound
• no sector restriction
• are located in IDA and IBRD countries
Eligible beneficiaries Private sector lenders, investors, and other providers of credit to the private sector
Eligible forms of investment Equity investments; shareholder loans; shareholder loan guarantees (minimum maturity of more than one year);
non-shareholder loan (relate to a specific investment or project in which some other form of direct investment present);
and other forms of investments (technical assistance and management contracts, asset securitisations, capital market bond issues, leasing, services, and franchising and licensing agreement)
Risk types covered Failure to meet payment obligation
Maximum tenor
Maximum amount or cover 100% of each debt service payment, subject to a maximum cumulative pay-out equal to the guarantee amount
Fee Marketed based