Since it began work in 2006, PIDG company GuarantCo has helped over 39.5 million people gain access to new or improved infrastructure.
Investing US$886m, with US$4.3bn invested alongside by the private sector, it has supported the creation of 21,000 jobs in Africa’s lowest-income countries.
Read GuarantCo’s development impact results in the Private Infrastructure Development Group’s (PIDG) 2017 Annual Review.
Read more on GuarantCo’s achievements in 2017 in PIDG’s Annual Review.
PIDG’s impact in 2017
GuarantCo is part of PIDG, which helps finance infrastructure in the world’s lowest income countries in sub-Saharan Africa and south and south-east Asia.
In 2017, PIDG companies closed 20 deals on projects across its target countries in sub-Saharan Africa and south and south-east Asia. Seven of these were in fragile and conflict affected states. PIDG mobilised $2.5bn from private sector investors and development finance institutions using its pool of donor funding. 9.2 million people benefitted from new and improved access to infrastructure across the year.
Browse PIDG’s digital annual review for an interactive look at its development impact throughout 2017.
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