IFC, Swiss Re Corporate Solutions mobilise $500m for emerging markets infrastructure
The International Finance Corporation has teamed up with Swiss Re Corporate Solutions to expand its Managed Co-Lending Portfolio Program by $500 million. The move will allow an increase in investments that will modernise infrastructure in emerging markets.
Swiss Re Corporate Solutions will insure a portion of the credit risk on loans IFC makes under the program. The transaction, which started operations this week, increases the platform's total capacity to $7 billion, allowing IFC to raise its investments to improve power, water, transport and telecommunications in developing countries.