Debt Restructuring Solutions for Microfinance Institutions
CGAP requested advice to explore possible options to restructure the defaulted financial obligation of microfinance institutions (MFIs) in Lebanon, as well as to design a blended finance facility to benefit from donor funding and be used as part of the MFIs’ debt restructuring packages. Delphos presented debt restructuring options, including debt buyback, debt exchange, and asset securitisation, and developed alternative structures and an execution strategy for a blended finance facility to support the financial restructuring of the MFIs. The structures included innovative approaches, including a collateralised loan obligation (CLO), a guarantee fund, and a securitisation of remittances.
Details
Category
- Financial Services
Client Name
The Consultative Group to Assist the Poor (CGAP)
Services Provided
- Consulting Services: Debt Restructuring
Region
- Middle East & North Africa
Country
- Lebanon
