The HKMA Infrastructure Financing Facilitation Office (IFFO) hosts a two-day executive workshop on 27-28 March, co-organised by International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA).
The workshop is attended by over 40 senior professionals from a diverse mix of background across Hong Kong, Mainland China and overseas including institutional investors, banks, asset managers, insurance companies and infrastructure project developers and operators.
Private sector participation in project finance is critical to narrowing the huge infrastructure funding gap in emerging markets. In this workshop, titled “Private Participation in Infrastructure Project Finance and Risk Mitigation”, IFC and MIGA use real life examples to demonstrate how to improve project bankability, for example through the application of relevant products such as insurance, and identifying, managing and mitigating key risks throughout the project life cycle.
IFFO, since its launch in 2016, has organised numerous workshops on infrastructure financing. Today’s executive workshop is a further demonstration of IFFO’s commitment in promoting capacity building in infrastructure investments and financing.
IFFO is also pleased to announce that it has recently joined the Global Infrastructure Facility (GIF) as an Advisory Partner, contributing to the World Bank Group and international efforts to help make more infrastructure projects bankable. With IFFO’s vast network of partners, it could help support GIF’s work by providing new perspectives in facilitating infrastructure financing.
GIF, housed in the World Bank Group, serves as a platform through which governments collaborate with multilateral development banks and private sector investors to design, structure and implement complex infrastructure projects in emerging economies.
HKMA Infrastructure Financing Facilitation Office
International Finance Corporation
Multilateral Investment Guarantee Agency
27 March 2018
About HKMA Infrastructure Financing Facilitation Office (IFFO)
As part of the HKMA, IFFO’s mission is to facilitate infrastructure investments and their financing by working with a cluster of key stakeholders.
The functions of IFFO are:
• providing a platform for information exchange and experience sharing;
• building capacity and knowledge on infrastructure investments and financing;
• promoting market and product development; and
• facilitating infrastructure investment and financing flows.
By establishing IFFO, the HKMA can play a valuable role as a catalyst in the facilitation of infrastructure investments and their financings with its mandate to promote Hong Kong as an international financial centre.
For more information about IFFO, please visit http://www.iffo.org.hk.
About International Finance Corporation (IFC)
IFC - a sister organization of the World Bank and member of the World Bank Group - is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, using our capital, expertise and influence to create markets and opportunities in the toughest areas of the world. In FY17, IFC delivered a record US$19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit http://www.ifc.org.
About Multilateral Investment Guarantee Agency (MIGA)
MIGA was created in 1988 as a member of the World Bank Group to promote foreign direct investment in emerging economies by helping mitigate the risks of restrictions on currency conversion and transfer, breach of contract by governments, expropriation, and war & civil disturbance; and offering credit enhancement to private investors and lenders. In FY17, MIGA issued a record US$4.8 billion in guarantees, helping draw in some $15.9 billion in foreign private capital to developing countries. For more information, visit http://www.miga.org.
About Global Infrastructure Facility (GIF)
The GIF is a partnership of governments, multilateral development banks and private sector financiers that facilitates private-sector investment in complex infrastructure projects in emerging economies. Established in March 2015, the GIF serves as a platform through which governments collaborate with international financial institutions and private sector investors to design, structure and implement these complex projects. The broad partnership ensures that well-structured and bankable infrastructure projects are brought to market in a way that meets the needs of governments and service users in a sustainable way.
For more information, please visit http://www.globalinfrafacility.org.
The workshop is attended by over 40 senior professionals from a diverse mix of background across Hong Kong, Mainland China, and overseas including institutional investors, banks, asset managers, insurance companies and infrastructure project developers and operators.