Established in 2002, PIDG has addressed market failures that were prevalent in its target markets in sub-Saharan Africa and south and south-east Asia, by demonstrating to the market at large the commercial viability of private infrastructure investment in the poorest countries.
These failures include:
- Limited supply of long-term, foreign currency financing for infrastructure projects;
- Lack of local currency financing options to support infrastructure, largely as a result of limited local capital market development;
- Absence of bankable projects being developed by the private sector to facilitate private sector investment; and
- Limited government capacity to support the development of publicly-originated infrastructure projects.
Notwithstanding significant changes in the market, many of the attributes that clearly differentiated PIDG when it was set up remain valid today, including our unique focus on infrastructure, our responsiveness to market changes and our agility and ability to address market gaps.
PIDG occupies a niche, where a large proportion of our activities take place at, near or even beyond the frontier of infrastructure investment where there are few or no other actors.
