IFCL to work for KfW to develop risk hedging tool

Posted on . Filed under Members News. Be the first to comment.

IFCL CanadaOttawa, Canada-based International Financial Consulting Ltd. (IFCL) is currently developing a risk hedging instrument for the German development bank, KfW, for its own balance sheet needs. In particular, IFCL is advising KfW on the establishment of a new insurance vehicle to help it and other European development finance institutions (DFIs) manage country and sector limits. The new vehicle is designed to leverage the now mature and deep private sector insurance and reinsurance capacity for long-term political and country risks supported by the European Commission.

International Financial Consulting Ltd., www.i-financialconsulting.com has been working with DFIs around the world for over 14 years, from balance sheet management to product design to institutional strengthening. In addition to working with KfW, IFCL is currently developing an innovative grant scheme in Africa to enhance lending by financial institutions to micro, small and medium enterprises (MSMEs). For the Islamic Development Bank, IFCL is supporting it in the development of a new trust fund called the Hasanah Fund, focusing on poverty alleviation through mobilizing private and corporate donors. IFCL is also undertaking a significant institutional strengthening project for the National Housing Corporation in Barbados in the Caribbean.

Comments are closed.