At a glance
|Established||2009. ICF-DP is a closed-end fund and is no longer making further investments|
|PIDG members currently funding||KfW|
|Cumulatve PIDG member funding||$7.8m|
|Managed by||Cordiant Capital Inc.|
|Total commitments as at 31 Dec 2017||$595.1m to 20 projects that have reached financial close and/or have been repaid|
Expected development impact
|Total Investment Commitments (TICs) ($m)||5,956.6|
|% of TICs in DAC I/II||12.9%|
|% of TICs in FCAS||23.3%|
|Access (in millions)||12.3|
|Job creation: short-term||9,981|
|Job creation: long-term||4,699|
|Fiscal benefits ($m)||633.7|
Projects that becam operational in 2017
|Senegal||Aeroport International Blaise Diagne|
The Infrastructure Crisis Facility – Debt Pool (ICF-DP)’s investment period ended in December 2015.
The ICF-DP was the mechanism for delivering Chancellor Merkel’s pledge of €500m to fund stranded infrastructure projects in the emerging world during the financial crisis of 2008-9.
Designed to help bridge the transition from pre-crisis to post-crisis, ICF-DP has led to 20 projects completing, enabling access to infrastructure to an incremental 12 million people and creating nearly 5,000 long-term jobs directly.