The IFC Guaranteed Offshore Liquidity Facility (GOLF) is designed to allow cross-border securitizations to achieve higher credit ratings through mitigation of currency transfer and convertibility (T&C) risk. Unlike traditional political risk insurance (PRI), GOLF is a credit product. This differentiation allows GOLF to be offered at a price which is potentially lower than similar PRI instruments.
For more details of IFC's guaranteed offshore liquidy facility, please click here.