IPIA was established in 2004 as a
membership association to reverse the 77% decline from 1998 to
2002 in financial institution lending for infrastructure in
emerging economies. World Bank figures confirm a decline in
annual private infrastructure investment from $120 billion per
year in 1997 to $64 billion in 2004. IPIA’s solution is
country-based debt guarantees in the form of
Payment Contingency Funds (PCF’s).
IPIA’s customized Payment Contingency Funds provide a first
tier of debt insurance backed by re-insurance. The result is
re-enabling of non-recourse project financing.