Publication: International Finance Corporation Platforms Approach: Addressing Development Challenges at Scale - An Independent Evaluation (Approach Paper)
Date
2023-08-03
ISSN
Published
2023-08-03
Author(s)
World Bank
Abstract
Recurring development challenges and
new compounding crises affecting client countries and firms
constrain the ambition of the International Finance
Corporation (IFC) to contribute to attainment of the
Sustainable Development Goals (SDGs) by 2030. The recurring
challenges, including insufficient private sector
participation in development financing, continue to affect
emerging markets and developing economies and the firms
within them. Two related initiatives—the IFC capital
increase and the IFC 3.0 strategy—underpin IFC’s goal to
contribute to the SDGs by 2030. IFC’s capital increase
package was based on the IFC 3.0 strategy, which requires
creating new markets through advisory and upstream services
and mobilizing private capital from new sources and through
new approaches (IFC 2017, 2018, 2020a). IFC has introduced a
platforms approach to scale up its interventions in
accordance with IFC 3.0 and the capital increase objectives.
IFC defines platforms as thematic interventions—at a
regional, global, or sectoral level—designed to address a
specific development challenge (IFC 2022b). The main purpose
of the evaluation is to assess whether the platforms
approach offers IFC a means to achieve its capital increase
and IFC 3.0 objectives while meeting the Board’s and
clients’ expectations.
Link to Data Set
Citation
“World Bank. 2023. International Finance Corporation Platforms Approach: Addressing Development Challenges at Scale - An Independent Evaluation (Approach Paper). Independent Evaluation Group (IEG) Approach Paper. © Washington, DC: World Bank. http://hdl.handle.net/10986/40147 License: CC BY-NC 3.0 IGO.”