Learn more about how World Bank guarantees mobilize commercial financing for investment projects, help restructure expensive debt of utilities, and increase developing countries’ access to capital markets.
 | Argentina Renewable Fund Guarantee FODER In early 2016, the Government of Argentina launched the RenovAr initiative, an auction-based renewable energy program designed to scale-up private renewable generation capacity. A $480 million guarantee from IBRD helped Argentina unlock its renewable energy potential by creating a market and mobilizing about $3.2 billion of mostly private investments. Download |
 | Ukraine Gas Supply Security Facility A first-of-kind IBRD trade finance guarantee helps Naftogaz, Ukraine’s national oil and gas company, import gas to support Ukraine’s energy security. The facility has a revolving structure and incorporated innovative features for IBRD and participating commercial banks. Download |
 | Cameroon Kribi Gas Power Project This was the first infrastructure project in Cameroon to raise long-term, local currency commercial financing on a project finance basis. This came from innovative structuring and a first-time variant of IDA loan guarantees to cover local lenders - paving the way for deploying local capital for infrastructure projects in the sub-region. Download |
 | Azura was the first true project-financed independent power plant in Nigeria and its financial structure is expected to serve as a template for further investment in the sector. The 459MW project is funded by 20 equity providers and international banks and will provide electricity for 14 million people. Download |
 | Kenya Power & Lighting Company Refinancing In June 2016, KPLC restructured $500 million of its existing commercial debt into new, longer-term commercial loans, which was enabled by a partial IDA loan guarantee to the commercial lenders. KPLC thus marks the first electric power transmission and distribution utility in the Sub-Saharan Africa region to successfully undergo financial restructuring. Download |
 | The World Bank helped Ghana meet its debt management objectives and raise $1 billion with a 15-year tenor and the first bond issuance supported by a Policy-Based Guarantee in the market in 14 years. Download |
 | The World Bank Group developed a $1.35 billion financing supportpackage to help mobilize $7.7 billion in commercial financing for the project, which has the potential to change Ghana’s energy mix for power generation from expensive imported fuels to domestic natural gas. Download |
 | Sierra Leone WAPGP Power Project The World Bank Group is providing an IDA guarantee, an IFC investment loan, and a MIGA guarantee that together will leverage $138 million in investments for the power sector in Sierra Leone. It is a key component of the government's recovery plan to rejuvenate economic growth post-Ebola. Download |
| Zambia West Lunga Scaling Solar Project The Scaling Solar program is designed for rapid implementation and offers a “one-stop-shop” package of advisory services, contracts, financing, guarantees, and political risk insurance from the World Bank Group. This project attracted top-tier global developers to the country’s first competitive auction and resulted in the lowest tariff to date in Sub-Saharan Africa. Download |
