- Date written
- August, 2017
- Contact for guarantco
- Marjolein van Kampen
- Communications Director
- +44 (0)738 8857097
GuarantCo, the world’s leading local currency guarantee facility, has received a further AUD4m from DFAT to support its continued growth.
GuarantCo is also backed by the UK (DFID), Switzerland (SECO), Sweden (Sida), through the multilateral Private Infrastructure Development Group (PIDG), and the Netherlands (DGIS) through FMO. This recent funding allocation blends well with GuarantCo’s ambition to expand its operations in Asia and the Pacific to address existing constraints in local currency debt financing for infrastructure projects. “GuarantCo is grateful for the further funding received from DFAT and its continued support. We continue to seek to expand GuarantCo’s activities in Asia and the Pacific following the recent opening of our office in Singapore” stated Mr. Andy Bainbridge, Chairman, GuarantCo Board.
GuarantCo’s credit enhancement instruments improve conditions for local medium and long-term financing of infrastructure projects and thus contributes to the development of domestic capital markets in some of the world’s most frontier markets. This in turn, increases economic growth and helps to reduce poverty. With Asia and the Pacific making an increasing contribution to the growth of GuarantCo, the strengthened partnership with DFAT comes at an important time.