Commercial Intelligence

completed

The proposed Project consists of establishing the first Distressed Asset Recovery Program (“DARP”) facility and servicing platform in MENA, to support the acquisition, financing, guaranty & resolution of corporate and small, medium enterprises (“SME”) Non Performing loans (NPLs). The platform will help (i) build capacity to successfully operate in this business, (ii) ensure the use of appropriate NPL resolution practices and the alignment of interest amongst partners, and (iii) contribute to the financial stability of the region, which has been substantially impacted by the recent regional political crises.IFC will co-invest with the Commercial Intelligence Funds Group (“CIFG” or the proposed DARP partner), having substantial experience in investing and servicing NPLs in emerging markets), in a CIFG managed Master SPV. IFC will also invest in the MENA NPL Servicer, which shall facilitate the servicing of the acquired NPLs across MENA countries focusing on Pakistan, Egypt, and Lebanon.