Core concepts in blended finance
Commissioned by the OECD, this paper presents findings from research on how blended finance actors use and define different key concepts, and what implications these understandings have for evaluators.
By increasing awareness of key terms and their use, this paper can contribute to facilitating the evaluation process, simplifying the communication of findings and results, and ease collaboration between different actors. It is divided into two parts. Part one outlines the research methodology including the key questions that guided the research. The second section presents the findings from this research.
The analysis covers three blended finance related terms that have multiple definitions with important implications for the evaluation process: 1) blended finance; 2) concessionality and mobilisation; and 3) impact. Each section describes common uses and definitions of the terms, and then explores how these differences affect the application of evaluation criteria and evaluation approaches. This paper is the first in a series of three working papers from the OECD/DAC EvalNet Working Group on Evaluating Blended Finance. The target audiences are bilateral donors, multilateral development banks, development finance institutions, international financial institutions, impact investors, and private foundations interested in blended finance.
Finnfund
Finnfund is a bilateral development finance institution (DFI) that provides finance to firms in developing countries with the aim of promoting social, environmental and economic development.
Nordic Development Fund
The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries. NDF is mandated to facilitate climate change investments primarily in low-income countries.
