Today PIDG publishes its 2021 Annual Review, reflecting on the successful delivery of innovative solutions across our key sectors and markets.
In 2021, the pandemic-induced challenges we faced in 2020 continued to impact our projects. Despite this, PIDG achieved Financial Close on 19 projects; 13 of which were in sub-Saharan Africa and six in south and south-east Asia. These projects will provide an estimated 8.8 million people with access to new or improved infrastructure.
Over the last 20 years PIDG has seen 190 projects financially closed, mobilising $37.6bn of much needed capital, of which $23bn was from private investors. Importantly, over 220 million people are expected to have been given access to new or improved infrastructure from these projects.
PIDG uses a blended finance approach to encourage public sector development finance and private investment to work together, targeting investment where it is needed most.
Operating at the frontier, through the lens of geographies, sectors, products or standards, PIDG addresses gaps in the international development architecture to support infrastructure provision that results in high development impact, critical to the achievement of the UN Sustainable Development Goals (SDGs).