New strategic partnership will develop and expand innovative public-private financing tools
SDIP is partnering with the Private Infrastructure Development Group (PIDG) to increase public-private finance for infrastructure projects in low-income countries.
Working jointly with SDIP, PIDG will hold a series of investor workshops designed to develop and expand its innovative financial products and initiatives.
PIDG mobilizes private sector investment to assist developing countries in providing infrastructure vital to boosting their economic growth, and combating poverty.
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 mobilize greater levels of investment in the most challenging markets, closing the infrastructure gap and promoting economic development” he added.
SDIP and PIDG 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.”