Blended Concessional Finance : Governance Matters for Impact
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 f...
| Main Authors: | , , |
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| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/456761573039281566/Blended-Concessional-Finance-Governance-Matters-for-Impact http://hdl.handle.net/10986/32650 |
| Summary: | 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. |
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