BECKER GLYNN CONTINUES TO ASSIST IFC IN CONNECTION WITH IFC’S MOBILIZATION OF FUNDS VIA UNFUNDED RISK PARTICIPATIONS

The Firm has continued to serve over the past year as counsel to International Finance Corporation (IFC) in connection with IFC’s programs to mobilize additional funds via the sale of unfunded risk participations in IFC’s loans made with IFC’s own funds (“A Loans”), including via selling such participations on a programmatic or facility basis as part of IFC’s facility co-investment program (“FCP”).  The first such facility-based sale of unfunded risk participations closed in April of 2018, and the Firm continues to work with IFC on refinements to the product.