Includes how major projects are financed and gives examples where relevant. Explains activities of the multilateral development banks in and other aid-funded projects where procurement is open to U.S. bidders.
Last Published: 8/2/2017

Multilateral Development Banks:

Acting President and CEO Associate General Counsel
Overseas Private Investment Corporation (OPIC) 
1100 New York Avenue, N.W. Washington, D.C. 20527 87
Tel.: (202) 336-8799 
Fax: (202) 336-7949 

Charles J Hall
Acting Chairman and President, Executive Vice President and Chief Operating Officer
Export-Import Bank of the United States 
811 Vermont Avenue, N.W., Office 911
Washington, DC 20571
Tel: 202-565-3946

Henry Steingass
Regional Director, South and South East Asia
U.S. Trade and Development Agency 
1000 Wilson Boulevard, Suite-1600
Arlington, VA 22209 - 2131
Tel: 703-875-4357
Fax: 703-875-4009

Asian Development Bank (ADB)
4, San Martin Marg
P.O. Box 5331, Chanakyapuri
New Delhi 110021, India
Tel: +91-11-2410 7200
Fax: +91-11-2687 0945

Gregory Harris
Director / Senior Commercial Officer
U.S. Commercial Liaison Office for ADB (CS/ADB)
US Embassy – NOX 2
1201 Roxas Boulevard, Ermita Manila
Philippines 1000
Tel: 63-2- 301-2000, 63-2-516-5093

ADB, North American Representative Office 
900 17th Street NW Suite 900
Washington DC 20006
Tel: 202-728-1500
Fax: 202-728-1505

Jun Zhang
Country Manager
International Finance Corporation 
Maruti Suzuki Building
3rd & 4th Floor, Nelson Mandela Road
Vasant Kunj, New Delhi 110070, India
Tel: +91-11- 4111 1000/ 3000
Fax: +91-11- 4111 1001/ 3001

Mr. Onno Ruhl
Country Director
The World Bank 
70 Lodi Estate
New Delhi 110 003
Tel: 91-11-2461-7241
Fax: 91-11-2461-9393

Aaron Held
Advisor & Director of Business Liaison
Office of the U.S. Executive Director
World Bank
Tel: (202) 458-0120
Fax: (202) 477-2967

Chief Investment Officer
The Asian Infrastructure Investment Bank (AIIB)
B9 Financial Street
Xicheng District, Beijing 100033
P.R. China.
Tel:  +86 10 8358 0000

Mr. K.V. Kamat, President
New Development Bank (BRICS BANK)
32-36 Floors, Oriental Finance Centre
333 Lujiazui Ring Road, Pudong Area
Shanghai – 200120

The Export-Import Bank (Ex-Im Bank) is the official export credit agency of the United States and supports the purchase of U.S. goods and services by creditworthy Indian buyers that may have difficulty obtaining credit through traditional financing sources.
Ex-Im Bank provides U.S. exporters with the financing tools they need to successfully compete for business in India. Ex-Im Bank support gives protection against international political and commercial risk, and gives U.S. exporters the ability to offer competitive financing to their Indian buyers through export credit insurance and loan guarantees. Over the past 80 years, Ex-Im Bank has supported more than $567 billion of U.S. exports worldwide.

For more info on Ex-Im Bank please visit website

The Overseas Private Investment Corporation (OPIC) is an independent U.S. government agency whose mission is to mobilize and facilitate the participation of U. S. private capital and skills in the economic and social development of less developed countries and areas, and countries in transition from non-market to market economies. OPIC assists U.S. companies by providing financing (from large structured finance to small business loans), political risk insurance, and investment funds. OPIC complements the private sector in managing risks associated with foreign direct investment and supports U.S. foreign policy. OPIC was established as an agency of the U.S. government in 1971 and currently does business in over 160 countries.  OPIC is currently operating in India in the areas of utilities (renewable energy/power and telecommunications), finance and insurance, manufacturing, real estate/rental and leasing and wholesale trade.  Since 1974, OPIC has committed more than $3 billion to financing, funds and insurance projects in India and supported a total of 153 projects.  OPIC’s current portfolio (as of December 31, 2015) in India totals over $1 billion across 27 projects particularly focusing in on utilities, financial services, manufacturing and services.

For more info on OPIC, please visit website

The U.S. Trade and Development Agency (USTDA) advances economic development and U.S. commercial interests in developing and middle income countries. The agency funds various forms of technical assistance, feasibility studies, training, orientation visits and business workshops that support the development of a modern infrastructure and a fair and open trading environment. USTDA's strategic use of foreign assistance funds to support sound investment policy and decision-making in host countries creates an enabling environment for trade, investment and sustainable economic development. Operating at the nexus of foreign policy and commerce, USTDA is uniquely positioned to work with U.S. firms and host countries in achieving the agency's trade and development goals. In carrying out its mission, USTDA gives emphasis to economic sectors that may benefit from U.S. exports of goods and services. USTDA is instrumental in engaging U.S. companies in India’s infrastructure development and modernization by facilitating technology transfer in key sectors. Priorities for USTDA’s program in India include energy and climate change, transportation (especially aviation), and information and communication technology.

Asia's premier non-profit financial institution, the Asian Development Bank (ADB), is headquartered in Manila, Philippines. The ADB’s major objective is the promotion of the social and economic well-being of its developing member countries in Asia and the Pacific. This is achieved by lending funds to projects involving agriculture, energy, industry, transportation, and communication, as well as for social infrastructure projects such as water supply, sewage and sanitation, education, health and urban development.
India was a founding member of the Asian Development Bank (ADB), and is now its fourth- largest shareholder. ADB commenced its operations in India in 1986. India was the largest borrower with $3.9 billion for 22 projects in 2015.

The ADB also works directly with the private sector through loans, equity investments, and credit enhancement for infrastructure and capital markets/financial projects with specific focus on energy, transport, telecommunications, agribusiness, water and urban infrastructure.

In 2015, ADB approved four private sector loans: $6 million for a solar leasing project, $200 million and $33 million for two affordable housing projects and $500,000 to the Power Grid Corporation of India.

ADB’s country partnership strategy (CPS), 2013-2017 for India focuses on job creation for youth, enhances ongoing investment reforms, and improves infrastructure in critical areas, such as energy, transport, urban services and water.
To learn more about ADB’s partnership with India, please visit the website.

The U.S. Department of Commerce maintains a Congressionally-mandated Commercial Liaison Office for the ADB (CS ADB). The Office's mission is to help American firms access, enter and expand in Asian markets that benefit from ADB assistance. The office provides counseling, advocacy, project information, and conducts outreach programs in the region as well as in the United States to help U.S. firms take advantage of commercial opportunities in countries borrowing from the ADB. To perform its mandate, the office cooperates with the U.S. Director's Office at ADB and works closely with Commercial Service posts in the region. A U.S. Senior Commercial Officer heads the office, assisted by two Commercial Specialists.

The World Bank Group is one of the world's largest sources of development assistance. The World Bank supports the efforts of developing country governments to build schools and health centers, provide water and electricity, fight disease, and protect the environment. The "World Bank" is the name that has come to be used for the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Together, these organizations provide low-interest loans, interest-free credit, and grants to developing countries. For information on World Bank engagement with India, please visit the website.

The World Bank's New Delhi office has an active public information center with a large collection of World Bank and other publications on India and international development, and documents on projects financed by the Bank. In recent years, the World Bank’s IBRD has been giving support for India’s economic policy reforms and expanded social and environmental programs.  The World Bank Group’s strategy in India between 2013-2017 will focus on three key areas of engagement: integration, rural-urban transformation, and inclusion. Common themes running across these areas will be improved governance, environmental sustainability, private sector, and gender equality.

To learn more about the World Bank’s partnership with India, please visit:
The U.S. Department of Commerce maintains a Commercial Liaison Office at the World Bank. The Office's mission is to help American firms access, enter and expand in markets that benefit from World Bank assistance. The office provides counseling, advocacy, project information, and conducts outreach programs in the region as well as in the United States to help U.S. firms take advantage of commercial opportunities in countries borrowing from the World Bank.

The International Finance Corporation (IFC) promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve people's lives. IFC is a member of the World Bank Group and is headquartered in Washington, DC. It shares the primary objective of all World Bank Group institutions: to improve the quality of the lives of people in its developing member countries. Established in 1956, IFC is the largest multilateral source of loan and equity financing for private sector projects in the developing world. It promotes sustainable private sector development primarily by financing private sector projects located in the developing world; helping private companies in the developing world mobilize financing in international financial markets; providing advice and technical assistance to businesses and governments.

Since 1956, IFC has invested in 346 companies in India, providing over $10.3 billion in financing for its own account and $2.9 billion in mobilization from external resources.  IFC aims to bring economic opportunities to underserved communities where needs are greatest, particularly in the low income states of India; help address climate change impacts; and encourage global and regional integration including promoting trade and investment within and from South Asia.

To learn more about IFC’s work in India, please visit the website.

Although the IFC coordinates its activities in many areas with the other institutions in the World Bank Group, the IFC generally operates independently as it is legally and financially autonomous with its own Articles of Agreement, share capital, management and staff. The IFC fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing capital in the international financial markets, and providing advisory services to businesses and governments.

The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank group, supplements the activities of the IBRD (International Bank for Reconstruction and Development), IFC (International Finance Corporation) and other international development finance institutions. It complements the activities of national and regional development insurance through co-insurance and reinsurance agreements with these institutions, bilateral exchanges of information, and its membership in the Berne Union. MIGA issues guarantees against noncommercial risks for investments in its developing member countries. MIGA guarantees cover the following risks: currency transfer, expropriation, war and civil disturbance and breach of contract by a host government.

 Since its inception in 1988, MIGA has issued guarantees worth more than $30 billion in political risk insurance for projects in a wide variety of sectors covering all sectors of the world. MIGA is committed to promoting socially, economically, and environmentally sustainable projects that are, above all, developmentally responsible. The agency mobilizes additional investment coverage through its Cooperative Underwriting Program (CUP), encouraging private sector insurers into transactions they would not have otherwise undertaken, and helping the agency serve more clients.

The Asian Infrastructure Investment Bank (AIIB) is a new multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. By furthering interconnectivity and economic development in the region through advancements in infrastructure and other productive sectors, we can help stimulate growth and improve access to basic services.

AIIB opened its doors January, 2016, following a 15 month participatory process during which the founding members worked collaboratively to shape our core philosophy, principles, policies, value system and operating platform.  AIIB foundation is built on the experience of successful private sector companies and existing MDBs. The core principles are openness, transparency, independence and accountability and aim for "Lean, Clean and Green".

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states (Brazil, Russia, India, China and South Africa).  According to the agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments."  Moreover, the NDB "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank."  The initial authorized capital of the bank is $100 billion divided into one million shares having a par value of $100,000 each.  The initial subscribed capital of the NDB is $50 billion divided into paid-in shares ($10 billion) and callable shares ($40 billion).  The initial subscribed capital of the bank was equally distributed among the founding members.  The Agreement on the NDB specifies that the voting power of each member will be equal to the number of its subscribed shares in the capital stock of the bank.  NDB is currently headquartered in Oriental Financial Centre in Shanghai.

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India Market Access Project Financing