Parting Shot: IFC unveils new equity fund in Latin America
Multilateral agency aims to go beyond the standard A/B loan structure and build a more active portfolio in Latin America, says Irene Arias
We aim to do about $25 billion in
business [in Latin America] over the next five years, but not
so much in traditional A/B loans. We aim to use more innovative
financing structures that will allow us to bring in investors
like insurance companies and pension funds, both outside and
within Latin America, that have an appetite for longer tenors
and that help meet the financing needs in critical sectors like
One example is the Managed Co-lending Portfolio Program, or
MCPP, where we have raised money from institutional investors.
The advantage is that we are not subject...
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