Agency Finance

White & Case's global Agency Finance team focuses on complex, multi-source financings involving export credit agencies, development finance institutions and multilaterals. Our clients include not only the agencies but also commercial banks, sponsors and developers who rely on us for innovative financing solutions for capital-intensive projects in emerging markets. In a rapidly changing landscape, our market knowledge allows us to identify and seize opportunities for our clients and to pioneer innovative products to meet their diverse needs.

Our offering

End-to-end guidance, coverage across jurisdictions and sectors

• We successfully bring projects from the development phase through to financing, construction and operation.
• Our guidance covers multiple sectors, such as energy, renewable power, green hydrogen, battery energy storage systems, electric vehicle manufacturing, satellites and advanced telecommunications (including data centers and 5G), road, rail, port and supply-chain infrastructure and logistics, water, sanitation, healthcare and education.
• Our multilingual team covers key jurisdictions and practices relevant to agencies around the world.

Deep experience with agency products and institutions

• US, European and Asian export credit agency and development finance institution loans, investment guarantees and political risk insurance products, such as those of the DOE, US International Development Finance Corporation, IDB Invest, IFC, MIGA, IDA/IBRD, US-EXIM, K-EXIM, K-SURE, JBIC, JICA, DEG, Proparco, BII, EIB and EBRD
• Project bond financings and securitizations for greenfield projects with agency guarantee or insurance cover, such as MIGA-covered securitizations, IDB Invest’s B-Bonds and DFC guarantees for bond issuances
• Credit enhancements in addressing project risks, especially where sovereign, quasi-sovereign or sub-sovereign entities are involved, such as partial risk guarantees, political risk guarantees and other guarantee programs of IBRD, IDA and MIGA
• Hedging and local currency financings involving guarantees or other risk mitigation structures to manage currency or commodity risk, such as ECA-backed local currency financings (including bonds), MIGA-cover for hedged exposures under loan financings and DFC guarantees covering currency fluctuation risk.