Donor: International Finance Corporation (IFC)
Donor Countries: Multi-donor
Description: Finances electricity generation, transmission, and distribution upgrades in developing countries, with a particular focus on natural gas and renewable energy such as solar, wind, and hydropower. Can finance projects at an early stage, lead investment rounds, mobilize additional funding through syndication programs, and work with the World Bank on an integrated series of reforms and guarantees to support a transaction.
Location: Sub Saharan Africa
On- or Off-Grid: Both
Geography: Developing countries that are a member of IFC, and regional programs.
Eligibility: Project must have good prospects of being profitable, benefit the local economy, and meet IFC's Performance Standards. Requires detailed appraisal, and review and approval by IFC Board. IFC does not lend directly to SME's or individuals.
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