DevCo, managed by the World Bank Group’s International Finance Corporation, provides critical financial support for structuring transactions to facilitate sustainable private sector participation in infrastructure in poorer developing countries.
DevCo is a multi-donor PIDG Facility established by the International Finance Corporation (IFC) and the UK's Department for International Development (DFID), and supported by other PIDG members. DevCo supports infrastructure transactions in the poorest countries by providing funding for expert consultants to prepare projects for private investment.
DevCo funds, which are all supplied by PIDG donors, can also be used to support the marketing, planning and development of transactions as well as implementation support. DevCo can also provide partial underwriting of IFC risks associated with advisory mandates.