![]() ![]() to work together to converge around standards, diligence and supervision processes, such as those for environmental, social and governance matters, for joint upstream projects.to apply the Blended Concessional Finance Principles to downstream projects and.to promote the prioritization of private-sector solutions to development challenges in their countries of operation.Once this process is completed, any signatory can play the role of lead lender in a specific transaction, while others participate as parallel lenders in a streamlined manner. ![]() Parties to the JCFA participate in a pillar assessment, which entails review and due diligence of and by each signatory. The JCFA also creates a framework for development institutions to work together on a range of upstream activities, including policy dialogue, adjustments to local regulatory frameworks to promote private sector development, development of specific upstream projects, and project preparation activities. For downstream project financing, the JCFA enables signatories to take a joint approach to origination and co-lending, supplementing the Master Cooperation Agreement (MCA) where IFC plays the lead arranger role. In 2020, IFC and its development partners created the Joint Collaboration Framework Agreement (JCFA) as a new structure for increased coordination and cooperation. IFC's environmental and social leadership.In portfolio, IFC may occasionally act as administrative agent on behalf of parallel lenders.All lenders, including IFC, share the same rights and obligations.Access to IFC’s due diligence and structuring and restructuring skills and global presence.Increased deal flow through IFC’s global origination capacity.IFC parallel loans rely on documentation templates, including a Common Terms Agreement, that significantly reduce costs and increase efficiency for all parties. MCA signatories and other lenders follow a standard co-lending process where IFC is lead arranger and each lender provides a parallel financing tranche. Public institutions that seek to deepen cooperation with IFC on upstream project development and offer IFC opportunities to participate in loans where they are lead arranger may join the Joint Collaboration Framework Agreement (JCFA). Private lenders that are ineligible for IFC’s B Loan program may also participate in parallel loans, including to support local currency syndications efforts. Under the MCA, IFC has built a broad global network of development institutions who work together to offer borrowers a streamlined solution. IFC’s Master Cooperation Agreement (MCA) creates an efficient co-lending platform that has delivered more than $10 billion to over 30 developing-country firms in the last decade. IFC-arranged parallel loans give borrowers access to debt financing from multiple development institutions in a single package. ![]()
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