GuarantCo
GuarantCo provides innovative local currency contingent credit solutions, including guarantees to banks and bond investors to develop capital markets projects in Africa’s and Asia’s frontier market
At a glance
Established
2006
PIDG Members who have provided funding
UK Aid, SECO, Sida, DGIS and DFAT, plus DGIS through FMO
Cumulative PIDG Member funding
$322.8m
Fund capacity
Capacity of over $1.5bn
Managed by
GuarantCo 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
$194.0m to 6 projects, 1 of which reached Financial Close
Projects that reached Financial Close in 2021
- Pran Agro Limited 1, Bangladesh
- Acorn Holdings Expansion, Kenya
- Infra Zamin Pakistan
- Shams – Phase 1, Pakistan
- Bboxx Kenya
Expected development impact
| 2021 | Cumulative | |
|---|---|---|
| Financially-closed projects | 5 | 56 |
| Total investment commitments (TICs) ($m) | 136.0 | 6,001.5 |
| Private sector investment commitments ($m) | 96.8 | 4,975.4 |
| % of projects in LDC/OLIC | 32.8% | |
| % of projects in FCAS | 53.1% | |
| Access (in millions) | 0.5 | 43.1 |
| Job creation: short-term | 718 | 13,693 |
| Job creation: long-term | 990 | 221,499 |
| Fiscal benefits ($m) | 27.7 | 1,810.0 |