Infrastructure Crisis Facility – Debt Pool

Infrastructure Crisis Facility – Debt Pool

A time-limited company, set up in 2009 and closed to new business in 2015, ICF-DP provided long-tenor loans to support infrastructure projects which had become stranded by the global financial crisis.

At a glance

Established2009. ICF-DP is a closed-end fund and is no longer making further investments
PIDG members currently fundingKfW
Cumulatve PIDG member funding$7.8m
ChairAndrew Bainbridge
Managed byCordiant 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

Financially-closed projects20
Total Investment Commitments (TICs) ($m)5,956.6
% of TICs in DAC I/II12.9%
% of TICs in FCAS23.3%
Access (in millions)12.3
Job creation: short-term9,981
Job creation: long-term4,699
Fiscal benefits ($m)633.7

Projects that becam operational in 2017

Multiple countriesKaradeniz
SenegalAeroport 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.

Sign up to receive our quarterly newsletter