Publication: Blended Concessional Finance: Governance Matters for Impact
Date
2019-03
ISSN
Published
2019-03
Author(s)
Sierra-Escalante, Kruskaia
Karlin, Arthur
Lauridsen, Morten Lykke
Abstract
Blended concessional finance, the
combination of concessional funds with other types of
finance on commercial terms, has great potential to mobilize
capital and accelerate high-impact private sector
investments in new and challenging markets. Yet full
development of these efforts requires strong governance.
International Finance Corporation (IFC) has been working for
some time to develop a robust governance system for blended
concessional finance, guided by the development finance
institutions enhanced principles, a set of principles that
employ special operating procedures and checks and balances
when using blended concessional finance for private sector
projects. While no universal approach will fit all
implementers of blended concessional finance, good
governance is a common challenge. These institutions need to
learn from each other to ensure good governance, as the
sharing of experiences is crucial to building global trust
in the use of concessional funds. And to work well,
governance structures need to be transparent and focus on
solving potential conflicts of interest.
Citation
“Sierra-Escalante, Kruskaia; Karlin, Arthur; Lauridsen, Morten Lykke. 2019. Blended Concessional Finance : Governance Matters for Impact. EMCompass,no. 66;. © International Finance Corporation, Washington, DC. http://openknowledge.worldbank.org/handle/10986/32650 License: CC BY 3.0 IGO.”
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