GuarantCo Ltd
Project disclaimer
Description
GuarantCo mobilises private sector local currency investment for infrastructure projects and supports the development of financial markets in lower income countries across Africa and Asia. GuarantCo is part of the Private Infrastructure Development Group (PIDG) and is funded by the governments of the United Kingdom, Switzerland, Australia and Sweden, through the PIDG Trust, the Netherlands, through FMO and the PIDG Trust, France through a stand-by facility and Global Affairs Canada through a repayable facility. GuarantCo is rated AA- by Fitch and A1 by Moody's. GuarantCo’s activities are managed by GuarantCo Management Company which is part of Cardano Development. We run our business with the aim of being financially sustainable, whilst providing affordable solutions to support infrastructure development in our markets. As such, over the life of our company the fees we have charged for the guarantees we write has been approximately equal to our administrative costs and the amounts we have paid out on defaults less any recoveries we make. As a consequence, we have not uploaded to IATI detailed information on pre-2020 inflows and outflows, as these approximately offset each other and are available in our published financial statements. Our financial statements are available on our website.
Objectives
GuarantCo enables sustainable infrastructure in lower income counties across Africa and Asia in order to close the infrastructure funding gap. The company develops local capital markets and provides local currency credit solutions to finance infrastructure projects that help boost economic growth, improve the quality of people’s lives, alleviate poverty and deliver against the United Nation’s Sustainable Development Goals.
Location
The country, countries or regions that benefit from this Programme.
Status Implementation
The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.
Programme Spend
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Participating Organisation(s)
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- The Private Infrastructure Development Group Trust
Sectors
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Budget
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