Blended Concessional Finance : The Rise of Returnable Capital Contributions

Karlin, Arthur ; Sierra-Escalante, Kruskaia

International Finance Corporation, Washington, DC

关键词: CONCESSIONAL FINANCE;    BLENDED FINANCE;    RETURNABLE CAPITAL;    INFRASTRUCTURE INVESTMENT;    EMERGING MARKET ECONOMIES;   

RP-ID  :  143358

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

In new and challenging markets, blendedconcessional finance - the combining of concessional fundswith other types of finance, on commercial terms - isincreasingly used to mobilize capital and accelerate highimpact private sector investments. However, a relatively newapproach for the provision of concessional capital for useby development finance institutions is emerging - thereturnable capital model. With this new model, principal,interest, and other amounts are repaid to the originalprovider of funds (usually a government) on a regular basis.Because this can reduce the impact on donor governmentbudgets, more government funds can become available forcollaboration with the private sector. This note exploresthe effects of this new model on incentives, accounting,resource management, and reporting.