B Loan Management

IFC’s B Loan portfolio is managed through the B Loan Management group ("CMOBL" or "BLM"). This group provides consistent service to B Loan participants, and ensures that IFC's contractual obligations under the Loan Agreement and Participation Agreement are fulfilled. In addition, BLM keeps participants abreast of important project developments and takes into account their views in on-going loan management.

Key services include:

• Managing the consultation or consent process with participants regarding all amendments or waivers;
• Negotiating restructuring terms with participants;
• Ensuring smooth and efficient B Loan disbursements and payment operations;
• Processing and approving assignments; and,
• Monitoring compliance and distribution of all financial and project information to participants.

The B Loan Management group collaboratively works with IFC's syndication, investment, legal and financial operations departments as well as industry, environmental, social, and insurance specialists to ensure that Participants are kept well informed about each B Loan transaction's performance.

B Loan Portfolio

As of June 30, 2009, the BLM portfolio consisted of 166 B loans totaling US$8.1 billion committed and US$6.8 billion outstanding. The total number of participations as of June 30, 2009 was about 814. In the last five years, BLM has been involved in 49 closed restructurings totaling US$1.8 billion in B loans and involving 249 participations.

As of the same period, Latin America accounted for 43 percent of the total committed B loan portfolio (disbursed and undisbursed) followed by Europe and Asia with 31 percent and 16.8 percent, respectively. From a sector perspective, Global Financial Markets had the largest share with 26.1 percent, followed by General Manufacturing and Infrastructure with 23.7 percent and 23.3 percent, respectively.