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IFC Mobilizes $2B in Credit Capacity from Insurers to Expand Lending to Financial Institutions

WASHINGTON, June 23, 2020—IFC, a member of the World Bank Group, has partnered with six global insurance companies to mobilize $2 billion in credit capacity under the Managed Co-Lending Portfolio Program (MCPP). The initiative will allow IFC to increase its medium- and long-term lending to commercial banks and non-bank financial institutions in emerging markets by up to $5 billion.

The program demonstrates the potential of a new partnership model between development finance institutions and global insurance markets, where private sector risk capacity can support and expand development finance activities. AXA XL, Aspen Insurance, Everest Insurance®, Liberty Specialty Markets, Munich Re and Tokio Marine HCC are giving IFC the ability to significantly scale up its lending operations to emerging market financial institutions over the next four years.

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IFC
Tuesday, June 23, 2020
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