IFC

PRIVATE SECTOR ASSISTANCE

1. Name of Organisation : International Finance Corporation (IFC)

(see also South Pacific Project Facility (SPPF) and Pacific Islands Investment Facility (PIIF))

2. Assistance Scheme/Program :
IFC offers a number of products of direct benefit to the private sector. These are:
Loans:

IFC provides fixed and variable loans in any of the leading currencies. Loans typically have maturities of 8 - 12 years, with grace periods and repayment schedules determined on a case by case basis in accordance with the borrowers cash flow needs.

Equity:

Equity investments are based on project needs and anticipated returns. IFC is never the largest single shareholder and does not take an active role in management. IFC usually maintains its equity for 8 to 15 years and is considered a long term investor.

Quasi equity:

To ensure projects are soundly funded, IFC can provide convertible debentures, subordinated loans, loans with warrants and other instruments.

Risk management products:

IFC offers products to help clients better manage financial risk. These include currency and interest rate swaps, futures and options on interest rates, forward contracts, currency hedging and other derivative products.

Advisory services:

These include project assistance, privatisation and restructuring, foreign investment advice and small and medium business development.

3. Criteria :
IFC will consider support for private sector projects that fulfil its objective of promoting economic development in member countries.

Members include Fiji, Kiribati, Papua New Guinea, Solomon Islands, Tonga, Vanuatu, Samoa, the Marshall Islands and the Federated States of Micronesia.

1.	Name of Organisation	:	International Finance Corporation (IFC) (see also South Pacific Project Facility (SPPF) and Pacific Islands Investment Facility (PIIF))

2.	Assistance Scheme/Program	:	IFC offers a number of products of direct benefit to the private sector. These are: Loans: IFC provides fixed and variable loans in any of the leading currencies. Loans typically have maturities of 8 - 12 years, with grace periods and repayment schedules determined on a case by case basis in accordance with the borrowers cash flow needs. Equity: Equity investments are based on project needs and anticipated returns. IFC is never the largest single shareholder and does not take an active role in management. IFC usually maintains its equity for 8 to 15 years and is considered a long term investor. Quasi equity: To ensure projects are soundly funded, IFC can provide convertible debentures, subordinated loans, loans with warrants and other instruments. Risk management products: IFC offers products to help clients better manage financial risk. These include currency and interest rate swaps, futures and options on interest rates, forward contracts, currency hedging and other derivative products. Advisory services: These include project assistance, privatisation and restructuring, foreign investment advice and small and medium business development.

3.	Criteria	:	IFC will consider support for private sector projects that fulfil its objective of promoting economic development in member countries. Members include Fiji, Kiribati, Papua New Guinea, Solomon Islands, Tonga, Vanuatu, Samoa, the Marshall Islands and the Federated States of Micronesia.