IFI Financing

International Financial Institutions (IFIs) like the European Bank for Reconstruction and Development (EBRD) and the International Financial Corporate (IFC) play an important role particularly in Eastern Europe and Central Asia region in supporting companies and projects whose needs cannot be fully met by the market. IFIs provide a full range of debt, equity and project financing. Although this financing is often advantageous due to its risk profile, tenor and pricing, it comes with a set of conditions designed to facilitate market economy, best industry practices, new technologies, energy efficiency and environmental benefits. We have significant experience to support clients in preparing, structuring and negotiating financing with the IFIs.

Project Financing generally consisting of a loan secured against project assets and repaid from project cash flows has the benefit of maximizing leverage while reducing the recourse to the sponsors. Given the complexity and a perceived higher risk profile, this type of financing is generally undertaken only by the EBRD and IFC in Eastern Europe and Central Asia markets, although commercial banks may be interested in transactions with a high export “off-take’ component. We have the unique experience of successfully completing some of the biggest project finance transactions in this region both with IFI’s and commercial banks.