Evaluation Study of Blended Finance for Development:

Rationale, Allocation and Outcomes

This evaluation study examines blended finance as a development finance approach that uses concessional public resources (and, in some cases, philanthropic funds) to catalyse private investment in support of development objectives. The study sets out an explicit economic rationale for when such interventions are warranted; documents how mobilised private finance has been allocated across instruments, institutions, countries, and sectors between 2012 and 2023; synthesises recent empirical evidence on outcomes and additionality. 

 

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Publisher

Evaluation, Learning and Quality Department, Ministry of Foreign Affairs/Danida, Denmark

Author

John Rand, Henrik Hansen, Ruhama Krupinski, Nadja Eifler, Alejandra Castro

Published

06-07-2026

Pages

76

ISBN

978-87-94339-91-9