Affinity Macrofinance: Financial Guarantee

Results for Development Institute (R4D),
Corporación Andina de Fomento (CAF)
www.resultsfordevelopment.org
Country of implementation: 100+ Developing World Nations
Affinity MacroFinance (AM) will finance health, education, SMEs, micro lending, insurance, infrastructure and other development activities by providing AAA guarantees to bond investors in 80 emerging world capital markets. It will also serve poorer countries without local bond markets by structuring guaranteed international financings. Owned by a community of Development Finance Institutions, foundations, and local development agencies, AM will tap the nearly $1 trillion in emerging world pension funds, providing low-cost, fixed-rate, long-term, local currency funding for development. Doing so will help emerging nations become increasingly financially self-sufficient in their development activities.