Private Infrastructure Development Group
Project Data Last Updated: 29/05/2019
IATI Identifier: XM-DAC-47086-GuarantCo
GuarantCo provides guarantees to lenders to support local currency finance for infrastructure projects in low-income countries, promoting domestic infrastructure financing and capital market development. GuarantCo offers partial guarantees which serve as credit enhancements to facilitate local debt instruments. Well functioning capital markets are vital to facilitate private sector investment, and to deliver necessary infrastructure projects that improve service coverage and quality. Capacity building in local markets will enable projects to eventually be refinanced with reduced support from GuarantCo.;Objectives
GuarantCo's two key objectives are to encourage domestic financing of infrastructure services and to promote local capital market development.;
Sectors groups as a percentage of country budgets according to the Development Assistance Committee's classifications.
A comparison of forecast spend and the total amount of money spent on the project to date.