Ahead of an expected ten-fold increase in funding by the EU in late 2021, a Development Finance Institution (DFI) wished to determine the feasibility of a unique guarantee programme in Latin America.
Momentus (formerly IFCL) conducted a comprehensive feasibility study for a guarantee programme for sub-sovereign and city financing. Working in consortium with Espelia, the study identified a number of market opportunities for the strategic deployment of guarantees addressing market failures and generating sustainable investments.
The study was conducted in 10 Latin American countries. Our work included an in-depth diagnosis of the local financing markets and defined the proposed product(s) and associated financing structures.