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Industries > Infrastructure  > Subnational Finance 

Subnational Finance

IFC's sub-national finance program offers creditworthy local governments and selective state owned entities the opportunity to finance public infrastructure projects without taking sovereign guarantees. Launched in 2004, the program fills a financing gap for sub-national entities in countries or regions where commercial financing options are not available or sufficient. 


The program complements the World Bank's sovereign guarantee backed financial support to the public sector and IFC's support to infrastructure projects through private sector sponsorship. 


Elena Bourganskaia 

IFC Global Head of Water & Utilities


Phone: 202-458-8185

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