HF-Trifolds by jianglifang


									                                                                                                                                                       How to Contact Us

                                                                                                                                           please contact any of ifc’s housing finance team
                                                                                                                                           for further information

                                                                                                                                           Global/Washington, Dc             middle east & north africa
                                                                                                                                           Douglas Grayson                   Syed Farhan Fasilhuddin
                                                                                                                                           Tel: +1-202-458-4184              Tel: +92-21-561-0065
                                                                                                                                           E-mail: DGrayson@ifc.org          E-mail: SFasilhuddin@ifc.org
                                                                                                                                                                             sub-saharan africa
                                                                                                                                           latin america & the caribbean
                                                                                                                                                                             Friedemann Roy
                                                                                                                                           William Britt Gwinner
                                                                                                                                                                             Tel: +27-11-731-3000

                                                                                                                                                                                                                   Housing Finance
                                                                                                                                           Tel: +1-202-473-7182
                                                                                                                                                                             E-mail: FRoy@ifc.org
                                                                                                                                           E-mail: Wgwinner@worldbankn.org
Housing Finance Products & Services                                                                                                        southern europe & central asia    south asia
                                                                                                                                           Douglas Grayson                   Subrata Dutta Gupta
                                                                                                                                           Tel: +1-202-458-4184              Tel: +91-22-6665-2000
 investment services                                  aDvisory services                                                                    E-mail: DGrayson@ifc.org          E-mail: SDuttagupta@ifc.org
                                                                                                                                                                                                            opportunities in financial markets
                                                                                                                                                                             east asia
                                                                                                                                           central and eastern europe
 IFC provides debt and equity financing to banks,     IFC offers advisory services that are often linked                                                                     Narayanasamy Kokularupan
                                                                                                                                           Elena Klepikova
 primary mortgage originators, and secondary          to its investments. Priority areas include creating                                                                    Tel: +62-21-5299-3001
                                                                                                                                           Tel: +7-495-411-7555
                                                                                                                                                                             E-mail: NKokularupan@ifc.org
 market companies. IFC also invests in capital        an enabling environment for housing finance,                                         E-mail: EKlepikova@ifc.org

 market instruments, or provides credit enhance-      institutional capacity building, and staff train-
 ment for mortgage-backed securities (MBS) and        ing. These advisory services are funded jointly by                                   media inquiries:
 similar funding vehicles. IFC offers the following   IFC and donors. IFC works with the World Bank                                        Lotte Pang
                                                                                                                                           Tel: +1-202-458-0952
 investment solutions for housing finance:            and other partners to provide housing finance                                        E-mail: LPang@ifc.org
                                                      advisory services to governments.
  •	 Loans	for	mortgage	lending
  •	 Collateralized	mortgage	lines	of	credit            •	 country level - policy &
  •	 Warehouse	lines	of	credit                             infrastructure improvements
  •	 Credit	enhancement	for	MBS                            - Market studies/business indicators
  •	 Structured	finance                                    - Knowledge sharing through workshops
  •	 Equity	investments                                        and conferences
  •	 Construction	finance                                  - Housing policy advisory
                                                        		 -	 Legal/regulatory	environment	advisory
                                                           - Market infrastucture advisory
 resource support
  •	 Information	dissemination                          •	 Sector	Level	-	Mortgage	Toolkit	&	Training
  •	 Data                                                  - Toolkit development for all aspects of
  •	 Policy	guidelines                                     	 mortgage	finance	(origination,
                                                              underwriting, etc.)
                                                           - Training material development
 continueD innovation                                      - Toolkit delivery
                                                           - Training delivery through partners
 IFC is developing an array of investment prod-
                                                              and stakeholders
 ucts for frontier markets including:
   •	 Affordable	housing	finance	products               •	 Institutional	Level	-	Capacity	Building
   •	 Housing	microfinance                                 - Market assessments
   •	 Housing	remittance                                   - Operational diagnostics
   •	 Mortgage	finance	for	energy	efficient	and	           - Strategy development
      sustainable development
                                                           - Mortgage toolkit implementation/
   •	 Housing	finance	products	compliant	with	                 training
      Islamic	finance	principles
                                                        		 -	 Process	automation	and	standardization
   •	 Financing	tools	for	large-scale	residential	
                                                           - Staff mortgage training                        General contact information:
                                                           - Risk management advisory                       IFC
                                                        		 -	 Long	term	funding	advisory                    2121 Pennsylvania Ave., NW
                                                                                                            Washington, DC 20433, USA
                                                                                                            ifc.org/housing                           2008
                                                                                                                                    IFC: A Global Partner                                                                                                                                                   Partnering for Success

                                                                                                                                                                                                                                                                                                              titularizadora        •	$150 million partial credit guarantee          HDfc                  •	$12 million senior loan and equity
                                                                                                                                                                                                                                                                                                              colombiana s.a.       •	Supported client in becoming a                                         investment
                                                                                                                                                                                                                                                                                                              Colombia                stronger market player                                               •	Aimed to support the Government
                                                                                                                                                                                                                                                                                                                                    •	Provided credit enhancement and im-                                    of Maldives in developing a sustain-
                                                                                                                                                                                                                                                                                                                                      proved the ability of liquidity facilities                             able and commercially viable housing
                                                                                                                                                                                                                                                                                                                                      to support mortgage origination                                        finance company
                                                                                                                                                                                                                                                                                                                                    •	Increased access to the nascent fixed                                •	Enabled HDFC India to provide advisory
                                                                                                                                                                                                                                                                                                                                      peso denominated mortgage product                                      support as a strategic partner and
                                                                                                                                                                                                                                                                                                                                      in Colombia                                                            advisor
                                                                                                                                                                                                             Central	&	Eastern	Europe	(25)

                                                                                                                                                                                                                Southern	Europe	&	Central	Asia	(18)
                                                                                                                                                                                                                                                                           South	East	Asia	&	Pacific	(10)     Bank	Muscat           •	$100 million quasi-equity                      Guarantee trust       •	$30 million senior loan
                                                                                                                                          Washington, Dc
                                                                                                                                                                                                                                                                                                                                                                                     Bank	Housing
The IFC Difference                                                                                                                                                                                                                                                                                            Oman                  •	Helped transform the largest com-
                                                                                                                                                                                                                                                                                                                                      mercial bank in Oman into a strong             Nigeria
                                                                                                                                                                                                                                                                                                                                                                                                           •	Implementation of IFC’s Africa housing
                                                                                                                                                                                                                                                                                                                                                                                                             finance strategy to simultaneously
                                                                                                                                                                                                                      Middle	East	&	North	Africa	(13)
                                                                                                                                                                                                                                                                                                                                      regional player                                                        provide construction finance and
                                                                                                                                                                                                                                                                    South Asia (14)                                                 •	Formed a long-term partnership with                                    mortgage finance
IFC is a member of the World Bank Group, which comprises four related development institutions, each with its own budget,                                                                                                                                                                                                             a financially strong and efficient bank                              •	Part of IFC’s ongoing and successful
                                                                                                                                                                                                                                                                                                                                      in Oman                                                                program in Nigeria
management, and governance structure: the World Bank; its insurance arm, the Multilateral Investment Guarantee Agency; the
                                                                                                                                                                                                                                                                                                                                    •	Supported IFC’s strategy to encourage
International Center for the Settlement of Investment Disputes; and IFC.                                                                                                                                                                                                                                                              south-south investment
                                                                                                                                                                                                                                                                                                                                                                                     vertice               •	$25 million senior loan and equity
Owned by 179 shareholder countries, we are global—for more than 50 years we have focused on developing countries.                                                                                                                                                                                                                                                                    Housing finance/        investment
                                                                                                                                                                                                                                                                                                              Delta credit          •	$74 million warehouse line of credit           energy efficiency     •	Allowed IFC’s client to provide ad-
We are local—with a full time presence in more than 80 countries and activities in many others. We put our clients first. We can                                                                                                                                                                              Bank                  •	Marked IFC’s entry into the Russian            Mexico                  ditional mortgage financing to middle
work with you anywhere in the developing world, building long-term partnerships, exchanging knowledge, and growing together                                                                                                                                                                                   Russia                  housing finance market                                                 and low income home buyers
to achieve “win-win” results.                                                                                                                                                                                                                                                                                                       •	Financed the first dedicated mortgage                                •	Ensures a predetermined percentage
                                                                                                                                                                                                                                                                                                                                      lending institution in Russia                                          of homes being financed with proceeds
                                                                                                                                                                                                                                                                                                                                                                                                             from the IFC credit line will be required
Our broad range of Investment and Advisory Services support one goal: improving lives and raising living standards through                                        Latin	America	&	the	Caribbean	(45)
                                                                                                                                                                                                                                                                                                                                                                                                             to qualify energy efficient, or green,
sustainable private sector development. They are flexible and can be tailored to a client’s specific needs.                                                                                                                                                                                                   filinvest land        •	$41 million senior loan                                                mortgages
                                                                                                                                                                                                                                                                                                              Philippines           •	One of IFC’s first peso-denominated                                  •	The eligible mortgages being financed
                                                                                                                                                                                                                  Sub-Saharan Africa (14)
In 2007, we invested approximately $8.2 billion from our own account in 69 countries, mobilized an additional $3.9 billion                                                                                                                                                                                                            loans                                                                  will involve homes that have been
through syndications and structured finance, and provided advisory services in 125 countries. Since our founding in 1956, we have                                                                                                                                                                                                   •	Provided long-term local currency                                      designed and constructed to include
                                                                                                                                                                                                                                                                                                                                      funding for mortgage lending in the                                    solar panels as well as home appliance
committed more than $64 billion of our own funds and arranged more than $27 billion in syndications for 3,760 companies in
                                                                                                                                                                                                                                                                                                                                      Philippines                                                            and electrical systems that lower their
141 developing countries. We have also provided more than $1 billion in advisory services in the past 20 years, funded primarily                                                                                                                                                                                                                                                                             future energy consumption and there-
                                                                                                                                                                                                                                        = IFC Regional Hubs                                                                         •	Provided a loan to the developer for
by our development partners.                                                                                                                                                                                                                                                                                                          on-lending to its clients who were                                     fore costs, along with other energy
                                                                                                                                                                                                                                     ( ) = Number of housing finance investment projects
                                                                                                                                                                                                                                                                                                                                      purchasing homes                                                       efficiency improvements
                                                                                                                                                                                                                                        = IFC Headquarters

   our shared vision is that people should have the
   opportunity to escape poverty and improve their lives.
                                                                     IFC: Key Facts                                                 emerGinG opportunity for HousinG finance                                 activities include investment services, advisory services, and                                 HousinG finance key facts:                                             recoGnition for eXcellence
                                                                                                                                                                                                             resource support.                                                                                                                                               2007 Euromoney Islamic Finance Award
                                                                     credit rating: AAA (Moody’s, Standard & Poor’s)                Housing finance plays an important role in the World Bank                                                                                                               •	 Since 2002, IFC has directly financed more than 76 hous-
   our core values are
                                                                                                                                    Group’s overall financial sector strategy and is inextricably linked     IFC’s approach is to strategically address each country’s needs                                   ing finance institutions (HFIs) worldwide, providing over Tamweel PJSC, a provider of innovative Islamic housing finance
      •	 Excellence                                                  portfolio: $25.4 billion, representing 1,410 investments
                                                                                                                                    to the overarching mission of reducing poverty and improving             in accordance with its financial sector development. Our clients                                  $2.6 billion in financing to these institutions in developing products and services, issued Dubai’s first residential mortgage-
      •	 Commitment                                                  in 116 countries (as of June 30, 2007)                                                                                                                                                                                                                                                                  backed securitization in July 2007. The transaction was hailed
                                                                                                                                    people’s lives. Housing finance is one of the fastest growing areas      benefit from long-term lines of credit; partial guarantees of local                               markets
      •	 Integrity                                                   total staff: Approximately 3,100 (50 percent of whom are                                                                                                                                                                                                                                                as the best Islamic Finance Deal for 2007, by Euromoney. IFC’s
                                                                                                                                    of business for IFC, and is a priority sector. At the macro level,       currency credit issues to foster local currency mortgage lending;                              •	 IFC’s	advisory	services	portfolio	of	over	28	active	projects	 investment of $20 million supported the first multi-tranche
      •	 Teamwork                                                    based outside of Washington, D.C.)                                                                                                      and warehouse lines to support securitization activities. In addi-
                                                                                                                                    housing finance generates economic growth via job creation,                                                                                                                spans the globe, facilitating access to finance worth $21 mortgage-backed securities deal based on Sharia-compliant
   our purpose is to                                                 number of transactions committed in fiscal year 2007:          entrepreneurship, and economic linkages. At the individual               tion, mortgage market development occurs from strong primary                                      million as of June 30, 2008                                   financing to be issued from the United Arab Emirates (UAE).
      •	 Promote open and competitive markets in
                                                                     299                                                            level, it makes it possible both for people to have shelter and a real   market competition, and, where appropriate, secondary market
                                                                                                                                                                                                                                                                                                            •	 IFC	is	the	number	one	international	investor	in	terms	of	 IFC invested in mezzanine notes backed by assets originated by
        developing countries                                         industry coverage:                                             asset, which might be the largest investment a family makes in a         conduits, making institution building one of IFC’s key goals.
                                                                                                                                                                                                                                                                                                               outreach to HFIs, working with more than 76 institutions Tamweel PJSC. At $210 million, the transaction was the first inter-
      •	 Support companies and other private sector                                                                                 lifetime. In addition, housing finance activities spur expansion in      Because there is a critical need in many markets to foster the
                                                                        •	 Global financial markets; private equity and                                                                                                                                                                                        in 37 countries
                                                                                                                                                                                                             production of affordable housing, we are actively pursuing the                                                                                                 national issue rated by at least two of the three major international
        partners                                                          investment funds                                          financial and capital markets. For these reasons, IFC works with
      •	 Generate productive jobs and deliver basic                                                                                 clients to increase access to housing finance in emerging markets        establishment of construction financing facilities.                                            •	 On	the	advisory	side,	IFC	is	active	in	several	frontier	and	 rating agencies (Aa2 by Moody’s Investors Service and AA by Fitch
                                                                        •	 Global manufacturing and services; agribusiness;
        services                                                          health and education                                      and consequently, to increase affordable housing.                                                                                                                          conflict-affected countries including Afghanistan, Ghana, Ratings) and backed by residential leases from the Gulf.
                                                                                                                                                                                                             Given the rapid pace of innovation in this field, the Housing                                     Honduras, Iraq, Pakistan, and West Bank & Gaza
      •	 Create opportunities for people to escape poverty              •	 Infrastructure; information and communication                                                                                                                                                                                                                                                           The active role of IFC as a structuring investor enabled Tamweel
        and improve their lives                                                                                                     In 2002, IFC’s Housing Finance unit was created, through                 Finance unit is constantly developing new products and services.
                                                                          technologies; oil, gas, mining and chemicals;                                                                                                                                                                                                                                                            to obtain an important alternative source of funding, as well as
                                                                          subnational	finance                                       which IFC launched a more concerted effort to engage in in-              It works closely with IFC’s Treasury Department and the World
                                                                                                                                                                                                                                                                                                                                                                                   a Sharia-compliant, fixed-income investment product to GCC-
                                                                                                                                    novative and value-added housing finance activities. These               Bank to develop an integrated approach to housing finance.
                                                                                                                                                                                                                                                                                                                                                                                   based and other international investors.

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