Region: PIDG announces $100m commitment

17 Dec 2018 | 1 minute read

The Private Infrastructure Development Group (PIDG) on 17 December announced a four-year commitment worth $100m from the Netherlands’ Ministry of Foreign Affairs. PIDG is a donor organisation supporting private investment into infrastructure in developing countries. It has supported 170 infrastructure projects and claims to have mobilised $22.9bn from the private sector. The grant covers the period from 2018 to 2022, taking commitments from PIDG’s owners to $750m in 2018 alone, and will be available to all six PIDG companies.

“PIDG’s activities are at the heart of what is needed in order to deliver the sustainable development goals”, said director of the Department for Sustainable Economic Development at the Dutch Ministry of Foreign Affairs Hans Docter. “We very much look forward to working with PIDG in this very exciting next phase to achieve our common goal to mobilise more private capital to provide access to infrastructure for people in developing countries.”

Established in 2002, the organisation underwent a major structural overhaul earlier this year and will launch a new five-year strategy on 8 January. “With our owners’ support, we have implemented a structure that provides stronger oversight and governance across all PIDG companies and is a strong signal of our ambition”, said PIDG chair Andy Bainbridge. “This new structure embeds our collaborative personality, creates better alignment, and allows our companies to be coordinated in a way they have not been in the past.”

PIDG’s members are the Australian Government Department of Foreign Affairs and Trade, the United Kingdom’s Department for International Development, the Netherlands’ FMO and Ministry of Foreign Affairs, International Finance Corporation, Germany’s KfW, the Swedish International Development Corporation Agency, and the Swiss Federal Department of Economic Affairs, Education and Research.

PIDG currently operates through six subsidiary companies: DevCo, the Emerging Africa Infrastructure Fund, GuarantCo, InfraCo Africa, InfraCo Asia, and the Technical Assistance Facility.

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