Publication: The International Finance Corporation’s Blended Finance Operations: Findings from a Cluster of Project Performance Assessment Reports
Date
2020
ISSN
Published
2020
Author(s)
Independent Evaluation Group
Abstract
This evaluation provides lessons that
could inform IFC’s approach to the deployment of the blended
finance instrument. Blended finance is a risk mitigation
tool for investments that find it difficult to attract
commercial funding. Blended finance refers to the
combination of concessional and commercial funding in
private sector-led projects. Its rationale is to support
projects with potentially high social benefits, but that
would not attract funding on strictly commercial terms due
to their high risks. This note synthesizes evaluation
findings from two sources: (i) IFC’s early experience with
blended finance as reflected in 14 project evaluations of
projects approved over 2010-2014; and (ii) a cluster of five
Project Performance Assessment Reports (PPARs) of recent
projects, approved over 2012-2016. The emphasis is on
findings from the more recent projects.
Citation
“Independent Evaluation Group. 2020. The International Finance Corporation’s Blended Finance Operations; The International Finance Corporation’s Blended Finance Operations : Findings from a Cluster of Project Performance Assessment Reports. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/33202 License: CC BY 3.0 IGO.”