A. General InformationIFC; a member of the World Bank Group; is a global development institution focused on the private sector in emerging markets. It operates in more than 100 countries; using capital; expertise; and influence to create markets and opportunities in developing countries. In fiscal year 2023; IFC committed US$43.7 billion to private companies and financial institutions in developing countries; aiming to reduce poverty and increase shared prosperity amid global crises. IFC supports innovative technology ventures that are creating new opportunities in emerging markets by transforming industries and driving sustainable growth while also realizing strong returns. By investing in best-in-class entrepreneurs and partnering with top-tier venture capital (VC) funds; IFC Disruptive Technologies; Funds and Services department (CSF) supports the creation and growth of tech ecosystems across emerging markets that promote innovation; foster economic growth; and create the jobs of the future. To date; IFC has committed $3 billion in venture capital through investments in tech startups; VC funds; seed funds; and accelerators. IFC¡¯s work focuses on tech-driven business models in high-impact sectors; including Fintech; Health Tech; Agtech; Climate Tech; EdTech; Enterprise Technology; e-Logistics and Mobility. B. Assignment ScopeVenture Debt (VD); a financial product applicable specifically to private equity (PE) ¨C venture capital (VC) backed companies; has emerged as a strategic financing tool that complements VC; PE and other asset classes enabling startups to carry on diverse growth initiatives. Globally; VD deal value surged from $37.9 billion in 2018 to 83.4 billion in 2024 (source: Stride Ventures; 2025). With different maturity levels across markets and regions; where the US and EU show more sophistication and larger deal size; the highest growth has been recorded in emerging markets.CSF is exploring the IFC's potential role in developing VD products by leveraging IFC's strengths in emerging markets. IFC aims to undertake preparatory work including conducting research on funding options; underwriting frameworks; risk-return profiles; reliable benchmarks; best practices; deal and legal structures and key drivers. IFC is now seeking to hire a consultant (including potential consortia) to carry out an assessment covering various aspects as described in Expression of Interest ToR.