Donor: International Finance Corporation (IFC)
Donor Countries: Multi-donor
Description: Funds up to $8 million of a project’s expenses at an early stage of development, to bring it from an idea to financial close. Funded activities can include: feasibility studies, Environmental & Social studies, managing stakeholder relationships, financial modeling, negotiating financing and legal documents, selecting project participants, and sourcing equity and debt financing. Not grant funding, and may include follow-on investments.
Location: Sub Saharan Africa
On- or Off-Grid: On-Grid
Geography: Developing countries that are a member of IFC, and regional programs.
Eligibility: Sponsor has secured preliminary support and authorization for the project from the government or other clients, and has conducted assessments showing that the project is economically viable.
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