Loan Guarantee

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					      USAID
DEVELOPMENT CREDIT
  AUTHORITY (DCA)
   GUARANTEES
                                                         Features

Features of USAID’s DCA Guarantees

  • Risk-Sharing; USAID usually takes 50% of credit risk

  • Most guarantees cover local currency loans by
    private sector African banks

  • Projects driven by USAID in-country field Missions

  • Most guarantees complement USAID grant-funded
    technical assistance

                                                           2
                                                                          Types

Types of Guarantees

  • Loan Portfolio Guarantee: Covers risk to a lender on a
    portfolio of infrastructure loans that have not yet been originated

  • Loan Guarantee: Pre-identified lender and borrower

  • Bond Guarantee: Partial guarantee to bond investors, can
    cover limited first-loss or pari-passu.

  • Portable Guarantee: Commitment Letter from USAID to
    borrower; helps borrower obtain financing that is ultimately
    guaranteed by USAID.

                                                                      3
                                                                               Portfolio

Africa Portfolio by Country/Region
1999 - 2006
                                         Ethiopia
                    Zambia                                         $90.2 mil
                                                Ghana
                                                    Kenya
                       $40.4 mil
                                                        Mali

                                                        Mozambique
         Uganda
                  $55.8 mil                              Nigeria

                                                        Rwanda



                              $143.3 mil


                                                                                 4
                               South Africa
Contact Information

  • Joel Kolker,
    jkolker@usaid.gov; +27 12 452 2204

  • Alison Eskesen,
    aeskesen@usaid.gov; (202) 712 – 5323

  • Paul Freedman,
    pfreedman@usaid.gov; (202) 712 - 5098

  • www.usaid.gov (Keyword “Development Credit”)
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