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International Finance Corporation

North America Innovative Lawyers 2017: Accessing New Markets and Capital - In-house legal teams (2)

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AwardHighly Commended
Originality8
Leadership7
Impact8
Total innovation score23
CommentThe institution helped to structure and launch the world’s first forest bond, which aims to pay coupons in the form of carbon credits rather than cash to bondholders. The bond supports forest conservation in Kenya.

North America Innovative Lawyers 2017: Accessing New Markets and Capital - In-house legal teams

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Rankings at a glance
AwardStandout
Originality8
Leadership8
Impact9
Total innovation score25
CommentThe institution, a member of the World Bank Group, has been pivotal in facilitating the introduction of a new source of lending to emerging markets called the Managed Co-Lending Portfolio Program (MCPP). The initiative allows private sector investors to lend on a syndicated basis, to help increase access to debt funding for projects requiring billions of dollars of investment in some of the poorest countries in the world.