The IFC Pan-African Debt Medium-Term Note Program will initially focus on Botswana, Ghana, Kenya, South Africa, Uganda, and Zambia.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Over the next several months, IFC will work with the respective authorities in these countries to obtain their consent to be part of the program, said Standard Chartered, which is appointed as the sole arranger for the program.
Standard Chartered will also be the lead manager for many of the inaugural bond transactions under the program. Other financial institutions may co-lead individual bond issues.
Bonds issued through the program will raise funds that IFC will use to provide long-term, local-currency finance for African businesses, protecting them from foreign-exchange risks.
"A vibrant, local-currency capital market is essential for any country to achieve its full economic potential," said IFC executive vice president and CEO Lars Thunell.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Ensuring the development of such markets is a cornerstone of IFC’s strategy. By expanding long-term currency finance, we help businesses mitigate currency risks when they borrow capital to grow and create jobs," Thunell said.
