The International Finance Corp., the World Bank affiliate that provides loans and equity finance for private sector enterprises in the developing world, has recently been outlining its focus for the future. This includes a number of potential securitizations and an increasing involvement in African moves towards the asset- and mortgage-backed markets.
Although the IFC could not offer specific details at this time, Arun Sharma, head of structured finance at the IFC, indicated that Latin America and India were likely locations of future transactions. "We're looking at a number of future initiatives at the moment," he said. "We're working on a medical receivables securitization in Latin America and towards a credit derivatives transaction in India."