Côte d'Ivoire commits €5m to Bamboo-managed fund
SDG500, a $500 million investment platform, dedicated to helping achieve the Sustainable Development Goals (SDGs), has secured a new €5 million commitment from the Government of Côte d’Ivoire. The platform is managed by Bamboo Capital Partners.
SDG500 is an innovative finance vehicle to help close the SDG funding gap using blended finance and credit enhancement, representing a first for SDG-related assets in emerging and frontier markets. Its asset-backed securitisation issue structure is specifically designed to unlock new sources of funding at scale from institutional investors by offering market-based yields in three tranches to attract investors with different risk-return appetites.
Jean-Philippe de Schrevel, founder and managing partner, Bamboo Capital Partners said, “The €5 million commitment by the Government of Côte d’Ivoire marks a watershed moment in development finance. It is a visionary and catalytic first step that shifts the current paradigm. Whereas donor countries typically invest in blended finance structures to achieve development objectives in emerging markets and LDCs, the SDG500 offers donor agencies and private capital providers the opportunity to invest alongside African governments committing their own budgetary resources. This is what true partnership looks like, and we commend the visionary leadership of President Alassane Ouattara and the late Prime Minister Amadou Gon Coulibaly of Côte d’Ivoire.”
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