Credit Solutions

PIDG’s Credit Solutions business will address a shortage of long-term, patient funding and a lack of local currency financing and local capital market development for private sector infrastructure projects in developing countries.

They will provide funded and contingent hard currency and local currency credit solutions, with a focus on increasing local participation in both contingent and funded local currency financing solutions.

  • The Emerging Africa Infrastructure Fund (EAIF)

    EAIF provides long-term foreign currency loans in sub-Saharan Africa.


    At a glance

    Established2001
    PIDG members currently fundingUK Aid, DGIS, Sida, SECO
    Cumulative PIDG member funding$394.9m
    Fund capacityCapacity of over $1.1bn
    ChairPhilippe Valahu
    Managed byNinety One
    Total commitments as at 31 Dec 2021 $2,114m to 96 projects, of which 90 have reached Financial Close
    2021 commitments$252.4m to 9 projects, of which 3 reached Financial Close

    * There were two refinancing of already-existing projects that occurred during 2017 – for Bugoye and Indorama Eleme Fertiliser – the increases to the TICs and P esulting from these have been included in the cumulative figures

  • GuarantCo

    GuarantCo provides innovative local currency contingent credit solutions, including guarantees to banks and bond investors to develop local capital markets.


    At a glance

    Established2005
    PIDG members currently fundingUK Aid, SECO, DGIS and DFAT, plus DGIS through FMO
    Cumulative PIDG member funding$322.8m
    Fund capacityCapacity of over $1.5bn
    ChairPhilippe Valahu
    Managed byGuarantCo Management Company Ltd
    Total commitments as at 31 Dec 2021$1,466.1m to 64 projects, of which 56 have reached Financial Close
    2021 commitments$194.0m to 6 projects, 1 of which reached Financial Close

    * All GuarantCo projects have been made in DAC I/II/III except for 3 projects in South Africa and 1 project in Gabon, where the donors gave specific permission