African Development Bank and peers leverage Blended Finance to unlock nearly US$9 billion for Developing Countries

The African Development Bank and other development finance institutions (DFIs) last year used about US$1.2 billion in concessional funds to support nearly US$9 billion in private investment projects in emerging markets, according to a new DFI report that highlights how blended concessional finance can be key to mobilizing private investment in challenging environments.

The report by the DFI Working Group on Blended Concessional Finance for Private Sector Projects offers an extensive set of data on the extent to which blended concessional finance is used by DFIs—including where and in what sectors, and how much private finance is mobilized. It reflects data from the Bank and 22 other DFIs—including the Asian Development Bank (AsDB), the Asia Infrastructure Investment Bank (AIIB), the…

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