Joint IFC-World Bank Subnational Finance Department
The Subnational Finance Department is a combined initiative of the World Bank and the International Finance Corporation.
We provide states, provinces, municipalities, and their enterprises with
financing and access to capital markets, without sovereign guarantees.
On a selective basis we also provide financial support to nationally
owned enterprises operating in natural monopoly infrastructure sectors.
In all of our financings our primary objective is to strengthen the
borrowers ability to deliver key infrastructure services such as water,
wastewater management, transportation, gas and electricity, and to
improve their efficiency and accountability as service providers.