IFC IDA Private Sector Window

Funding background

As part of the Eighteenth Replenishment of IDA (IDA18), the World Bank Group (WBG) created a $2.5 billion IDA-IFC-MIGA1 Private Sector Window to catalyze private sector investment in IDA-only countries, with a focus on fragile and conflict-affected states (FCS).

Eligibility

Eligible countries and sub-national regions: https://thedocs.worldbank.org/en/doc/5c869241cd7811453a97fff2e3090721-0410012023/original/PSW-eligible-countries-FY24-October-2023.pdf

Financing

The IDA PSW is deployed through four facilities:

1. Local Currency Facility to provide long-term local currency IFC investments in IDA countries where capital markets are not developed, and market solutions are not sufficiently available.
2. Blended Finance Facility to blend PSW support with pioneering IFC investments across sectors with high development impact, including small and medium enterprises (SMEs), agribusiness, health, education, affordable housing, infrastructure, climate change mitigation and adaptation, among others.
3. Risk Mitigation Facility to provide project-based guarantees without sovereign indemnity to crowd-in private investment in large infrastructure projects
4. MIGA Guarantee Facility to expand coverage through shared first-loss and risk participation via MIGA reinsurance.

Applying

Not specified.