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26th April 2017

PIDG joins with World Economic Forum to close the infrastructure gap

New partnership will develop and expand innovative public-private financing tools

PIDG is partnering with the Sustainable Development Investment Partnership (SDIP) to increase public-private finance for infrastructure projects in low-income countries.

Working jointly with SDIP, which is a collaborative initiative coordinated by the World Economic Forum and the OECD, PIDG will hold a series of investor workshops designed to develop and expand its innovative financial products and initiatives.

SDIP’s membership is comprised of leading public, private and philanthropic institutions from around the world. The initiative works to address the mismatch between investor needs and project funding requirements by facilitating the financing cascade of public and private funding.

PIDG CEO Philippe Valahu said: “Blending public and private finance is one of the most effective ways to catalyse funding for infrastructure on the huge scale that is needed”.

“Working with SDIP will help us to mobilise greater levels of investment in the most challenging markets, closing the infrastructure gap and promoting economic development” he added.

PIDG and SDIP began their work together with a local currency guarantee roundtable. The event, attended by public and private investors, focused on expanding the pioneering work of the PIDG-supported InfraCredit initiative, which is designed to unlock infrastructure investment from Nigerian pension funds on a scale not previously seen.

Richard Samans, Head of the Centre for the Global Agenda and Member of the Managing Board at the World Economic Forum said:

“PIDG’s work in helping to address the financing challenges faced by infrastructure projects fits extremely well with SDIP’s goal of mobilizing blended finance for US $100 billion of sustainable and climate resilient infrastructure projects, so we are extremely excited about this partnership.

“SDIP, its members and the projects we support will benefit tremendously from PIDG’s wide range of facilities and expertise built over 15 years, and we look forward to broadening our collaborative effort.”

PIDG has also recently partnered with the World Bank Group’s Global Infrastructure Facility and the Sustainable Infrastructure Foundation as part of its wider efforts to extend its reach and improve the pipeline of bankable infrastructure projects in low-income countries.