The International Finance Corporation’s Blended Finance Operations : Findings from a Cluster of Project Performance Assessment Reports

Independent Evaluation Group

World Bank, Washington, DC

关键词: IFC STRATEGY;    CONCESSIONAL FINANCE;    BLENDED FINANCE;    IFC PORTFOLIO;    COMMERCIAL SUSTAINABILITY;   

RP-ID  :  143158

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This evaluation provides lessons thatcould inform IFC’s approach to the deployment of the blendedfinance instrument. Blended finance is a risk mitigationtool for investments that find it difficult to attractcommercial funding. Blended finance refers to thecombination of concessional and commercial funding inprivate sector-led projects. Its rationale is to supportprojects with potentially high social benefits, but thatwould not attract funding on strictly commercial terms dueto their high risks. This note synthesizes evaluationfindings from two sources: (i) IFC’s early experience withblended finance as reflected in 14 project evaluations ofprojects approved over 2010-2014; and (ii) a cluster of fiveProject Performance Assessment Reports (PPARs) of recentprojects, approved over 2012-2016. The emphasis is onfindings from the more recent projects.