DBS named advisory partner in World Bank’s Global Infrastructure Facility

It will support infrastructure projects in emerging markets.

Singapore’s DBS Bank has joined some of the world’s largest asset management and private equity firms, pension and insurance funds, and commercial banks as a partner in the World Bank’s Global Infrastructure Facility.

The objective of the GIF is to catalyse and mobilise private sector investment in infrastructure projects in emerging markets it was officially launched yesterday evening in Washington as part of the IMF/World Bank 2014 meetings. 

As an advisory partner, GIF will be involved in advising on project preparation, optimal approaches to financial structuring, and the design and use of risk instruments. This is with a view to ensuring suitability of emerging market infrastructure projects for commercial and/or institutional investment.

“Whilst many are familiar with the huge infrastructure needs in the region, few are aware the issue is not so much a lack of liquidity as the absence of a steady pipeline of bankable projects. Enabling complex Public-Private Partnerships projects in emerging markets extends beyond the domain expertise of one institution; it requires the joint efforts of multilaterals, governments, development finance institutions and private sector players like ourselves,” said Lim Wee Seng, Head of Project Finance at DBS.