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A Milestone Year for the GIF
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This year marks a milestone for the GIF as we approach the final stretches of our pilot phase and head into the post pilot period in July 2020. The GIF’s portfolio has grown substantially since we launched in 2015, with 82 activities in 43 countries as of November 30th. We’ve built a robust pipeline that continues to grow due to the collective efforts of all our partners. Through our project support, Advisory & Governing Council meetings, as well knowledge sharing around the world, our partnerships are bringing more well-structured, sustainable, and bankable pipelines of infrastructure projects and expanding the market for private sector infrastructure finance in developing countries. The GIF would like to thank all our partners and looks forward to strengthening our collaboration in the new year.
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AC Meeting | October 2019 | Sustainable Cities
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The GIF held its tenth bi-annual AC meeting with over 100 participants in Washington, DC on October 16th. With the focus on sustainable cities, the meeting explored opportunities to increase private sector investment in low-carbon, climate-resilient infrastructure at the sub-national level. See the links below for the meeting summary, presentations, and additional resources.
Meeting Summary
Presentations
Joint PWC and GIF Paper: Increasing private sector investment into sustainable city infrastructure
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Watch this video on sustainable cities, previewed at the AC meeting to see how the GIF is helping to build sustainable and quality urban infrastructure in developing countries. Since October, we have grown our portfolio, please see updated numbers below.
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Save the date | April 15th, 2020 AC Meeting, Washington DC
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Please save the date for our next Advisory Council meeting to be held on April 15th, 2020 in Washington, DC. Have ideas on key topics you would like to discuss? Please send them to managementunit@globalinfrafacility.org by January 15th, 2020.
Stay tuned. More details coming soon!
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As of November 2019, we have a strong portfolio:
82 activities
$65 billion in total estimated investment
$43 billion in potential private investment
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Vietnam Solar Auction Program
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On December 16th the GIF's Governing Council approved $1.5 million in funding to support the World Bank’s work with the Government of Vietnam on a Solar Pilot Auction Program. The GIF, working with the World Bank’s Energy Global Practice, will help the government to design and structure the Auction Program to transition from a feed-in tariff regime, to a sustainable competitive auction scheme for solar generation. Read the press release here
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$3 million in funding approved for Telecom License Awards project in Ethiopia
On November 5th the GIF’s Governing Council approved a joint IFC and World Bank funding application for a total of $3 million for a Telecom License Awards project in Ethiopia. The funding will help to facilitate the deregulation and opening of Ethiopia’s telecommunications market, which will bring significant benefits to the economy through increased competition, efficiency, transparency, and reduction of costs. It will also enhance the flow of information and encourage FDI into the economy.
Photo Credit: Chhor Sokunthea / World Bank
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Four applicants named for Kherson Port concession
Following the publication of the GIF supported tender in September, the Ministry of Infrastructure of Ukraine received four bids from local and international companies for the concession of Port Kherson. The tender results from a $1.6 million prefeasibility, feasibility, and project structuring support through the World Bank, IFC, and EBRD to deliver two concessions to expand, modernize, and operate the Black Sea ports of Olvia and Kherson. Bids were received from: Busserk Liman Isletme Loj (Turkey), Special Company Sea Port of Kherson LLC (Ukraine), Risoil-Kherson LLC (consortium, Georgia and Switzerland), and Ukrmorport LLC (Ukraine). The deadline for bids for Port Olvia was December 16th.
Photo: Minister of Infrastructure at a news briefing after the opening of the bids. Photo credit: Ministry of Infrastructure, Ukraine.
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