News Ticker

French DFIs to create €600mln infrafund

Image Credit: Corporate Council on Atrica

In early March, the heads of the Agence Française de Développement and the Caisse des Dépôts, both French development finance institutions, agreed to team up and launch a €600 million infrastructure fund for emerging markets.

The venture, in which Caisse des Dépôts will own a majority 84% share, still needs formal validation from both institutions’ decision-making bodies. Once received, its expected the fund will become operational in 2017. With leverage, it’s anticipated that the fund will be able to invest up to €6 billion in the projects it backs.

The fund’s strategy will be to source greenfield opportunities in the energy, transport, water, sanitation, health, education, telecoms and digital infrastructure projects. The fund is the first tangible result of an agreement signed in December last year committing both institutions to formally cooperate on financing development initiatives.

Leave a comment

Your email address will not be published.


*