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African Development Fund Partial Risk Guarantee (ADF-PRG)


Period
-

Implementing agencies
African Development Bank

African partners
Pan-African organisation, Other public body, Private sector

Names of African partners involved
African Development Bank

Donor involvement (incl. IOs)
Multi-donor, Multilaterals involved

Names of donors involved (incl. IOs
African Development Fund

Geographical scope
Continental

Countries where active
Benin, Burkina Faso, Burundi, Central African Republic, Chad Republic, Comoros, Dem. Republic of the Congo, Eritrea, Ethiopia, Gambia, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Madagascar, Malawi, Mali Republic, Mauritania, Mozambique, Niger Republic, Rwanda, Senegal Republic, Sierra Leone, Somalia Republic, South Sudan, Sudan, Tanzania, Togo, Uganda, Zimbabwe

Sectors
Renewables, Non Renewables

Sub Sectors (Electricity)
Electricity system, Grid connected generation

Type of intervention

Type of technical assistance

Gender focus
No

Climate focus
No

Type of financing
Guarantee

Main objectives
The African Development Fund (ADF) introduced the Partial Risk Guarantee (ADF-PRG) instrument as part of the Twelfth General Replenishment of the ADF (ADF-12) to leverage resources from the private sector and other co-financiers for ADF countries, including fragile states, and to incentivize governments to undertake policy and fiscal reforms necessary to mitigate performance-related risks.

Main activities
The ADF PCG is an instrument designed to address the challenges faced by ADF countries that are performing well economically and State Owned Enterprises in their quest to mobilize both domestic and external commercial financing for developmental purposes. The product serves to partially guarantee debt service obligations of low income countries (LICs) and well performing State Owned Enterprises in LICs.

Comments

Sources
https://www.afdb.org/en/projects-and-operations/financial-products/african-development-fund/guarantees/

Contact information
ftry4@afdb.org

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