Infrastructure is fundamental to progress. PIDG works across the spectrum of the infrastructure development process based on local market needs, catalysing private sector participation and creating development impact.
It might be the power that allows people to use an electric stove instead of charcoal – or the power that provides access to the internet and allows communities to school their children. It could be the roads and ferries that get local farmers and their produce to market – or the clean water that keeps them and their families healthy. All of these things are enabled by infrastructure.
PIDG operates in the poorest and most fragile countries, where 2 billion people live on less than $3.20 per day, and 753m people live on less than $1.90 per day. In these countries, 1.1 billion people lack access to electricity, 2.4 billion people lack access to basic sanitation and almost 800 million people lack access to clean water. In some of the African countries where PIDG operates, infrastructure constraints are estimated to cut productivity by around 40%, severely affecting competitiveness and limiting opportunities for people to have jobs to lift them out of poverty.
It is in all of our interests to leave no one behind and to ensure a fair opportunity for all, now and for the future. Our projects are chosen to maximise development impact. In selecting our projects, we consider a range of indicators, including those reflecting different aspects of inclusion, such as infrastructure service access; employment creation; export-earning potential; climate change, gender and disability. Whilst not all of these factors will be present in each and every project, on a portfolio basis they should be represented in depth.
What PIDG does matters. PIDG changes lives.
Meeting the SDGs
Investment in, implementation of, and provision of financing or support to infrastructure is critical to achievement of the SDGs. Our strategy contributes to this in several ways.Meeting the SDGs
PIDG in action: 243 million people worldwide with improved access to infrastructure since 2002
PIDG established to address a series of market failures
committed to infrastructure projects
PIDG funding base
mobilised from Private Sector Investors and DFIs since 2002
commitments in FCAS
have PIDG supported projects
have reached financial close
people with access to new or improved infrastructure
commitments support energy projects
long-term jobs created
projects have become commercially operational
support to energy projects in 2018 to renewable energy
Where we operate
We operate at the frontier where other organisations cannot or will not yet go. We focus on frontier markets, with our focus predominantly on sub-Saharan Africa and south and south-east Asia.Where we operate
Annual Review 2018
Read about PIDG's successes.Annual Review 2018
Results Monitoring Database
The PIDG Results Monitoring Database is an online information source that provides the user with quick access to up-to-date predicted and actual development impact data from every PIDG-supported project.
It has advanced functions for selecting and aggregating data, performing customised queries, downloading data and creating graphs. The data is updated quarterly, sixty days after quarter end.
Our projects: Making an impact throughout our regionsView all
Nam Long Investment Corporation (NLIC) Vietnam
June 2018. Deal with Nam Long Investment Corporation, an affordable housing developer in Vietnam. Nam Long issued a seven-year guaranteed corporate bond of VND 660 billion ( $29 million) due in 2025. This is the first guaranteed bond for Nam Long and the first deal in Vietnam for GuarantCo.
Coc San Hydro Power
Stimulating growth in remote Lao Cai province. Clean power helps to drive employment and cut Vietnam’s carbon emissions by 76,000 tonnes per annum.
Adding 25% to Mali’s energy grid.
Delivering 90MW of additional baseload power to Mali’s national grid will give up to 4.5 million people improved access to power.
Quantum Terminals II
Guaranteeing Ghana’s future energy security. Support from GuarantCo enables Quantum Terminals to issue the first local Non-FI Corporate bond over a 10-year tenor.
Metro Wind and Gul Ahmed Wind
Building a domestic renewable energy stream. Wind projects will reduce Pakistan’s exposure to the high cost and insecurity of fuel imports.
Catalysing investment in local markets. Innovative model can be replicated in additional frontier territories.
Guaranteed local currency funding for affordable housing. Financing will enable the construction of 10,000 new homes near Lagos.
Kalangala Infrastructure Services
Making connections for a brighter future. Multi-sector improvements create fresh opportunity for island residents.