April 30. 2021
Mayer Brown advises US International Development Finance Corporation on loan to Global Access Fund
Mayer Brown represented the US International Development Finance Corporation (DFC), as lender, in a loan to Global Access Fund LP (GAF), a fund managed by WaterEquity, LLC. This catalytic financing is expected to empower at least five million people to access improved household water and sanitation across Asia, Latin America and Africa.
The loan also advances DFC’s 2X Women’s Initiative, a commitment to unlock a multi-trillion dollar investment opportunity by addressing the unique challenges faced by women in developing countries, which research shows spend a combined 200 million hours each day collecting water, turning the water crisis into a crisis of education, economic opportunity, climate resiliency, personal safety, dignity and health. DFC intends to fund disbursements of the loan by issuing fixed income instruments in accordance with the ICMA Sustainability Bond guidelines.
The team included Banking & Finance partner Gabriela Sakamoto (Washington DC) and associate Laura Watson; Corporate & Securities associate John Ablan (both Chicago); and Financial Services Regulatory & Enforcement associate Joshua Raftis (Washington DC).
The loan also advances DFC’s 2X Women’s Initiative, a commitment to unlock a multi-trillion dollar investment opportunity by addressing the unique challenges faced by women in developing countries, which research shows spend a combined 200 million hours each day collecting water, turning the water crisis into a crisis of education, economic opportunity, climate resiliency, personal safety, dignity and health. DFC intends to fund disbursements of the loan by issuing fixed income instruments in accordance with the ICMA Sustainability Bond guidelines.
The team included Banking & Finance partner Gabriela Sakamoto (Washington DC) and associate Laura Watson; Corporate & Securities associate John Ablan (both Chicago); and Financial Services Regulatory & Enforcement associate Joshua Raftis (Washington DC).
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