MCPP AXA

active

 As part of its strategic focus on mobilizing third party capital for infrastructure investment in emerging markets, IFC is proposing to support the development of an infrastructure debt platform (the “vehicle”) that will invest in senior loans in infrastructure projects alongside IFC. IFC will provide support to the vehicle in the form of an unfunded portfolio guarantee, which will enable third party investors to consider this asset class.   In addition to providing the unfunded portfolio guarantee, IFC will contract with the vehicle to provide co-investments using IFC’s Managed Co-Lending Portfolio Program (MCPP). Under MCPP IFC creates loan portfolios for third party investors based on pre-agreed eligibility criteria. All investments made by the vehicle will be in IFC originated senior loans on the same terms and conditions as with IFC’s investment for its own account. All underlying loans will need to meet IFC’s own internal standards and IFC will be required to seek independent Board approval for each loan following its standard approval process. It is only upon IFC’s commitment for its own account that a portion of the loans would then be allocated to the vehicle.