Blended Finance in the Least Developed Countries 2019

Foreword
Acknowledgements
Abbreviations and acronyms
Executive summary
	The challenge
	Recent trends
	Making blended finance work for least developed countries
Infographic 1. How is blended finance benefitting least developed countries?
Infographic 2. What’s next for blended finance in least developed countries?
1 What are the latest trends in blended finance for least developed countries?
	1.1 Introduction
	1.2 Methodology
	1.3 The proportion of private finance going to LDCs remains relatively small, but stable
	1.4 Blended finance approaches have expanded to additional least developed countries
	1.5 Deals vary across countries by number and size
	1.6 Blended finance and ODA seem linked, but ODA plays a unique role
	1.7 Guarantees are the most powerful leveraging mechanisms, but simple co-financing agreements are the most used
	1.8 Energy, banking and financial services mobilise the most private finance
	1.9 Bilateral providers are becoming more prominent in the LDC blended finance market
	1.10 In LDCs, investors from high-income countries are being more mobilised than domestic ones
	References
	Notes
2 Views from the field: Guest contributions
	2.1. Mobilising private finance for agricultural investments in developing countries
		Bettina Prato and Dagmawi Habte Selassie
	2.2. Ensuring blended finance respects national ownership
		Andrea Ordóñez
	2.3. The potential of blended finance for global health
		Priya Sharma
	2.4. Blended finance in Nepal’s cities: challenges and prospects
	2.5. Blended finance - Uniting the yin and the yang
		Jean-Philippe de Schrevel
	2.6. Investing to overcome fragility
		Izabella Toth and Romy Miyashiro
	2.7. Bringing private investment to challenging environments: lessons from the World Bank Group’s Private Sector Window
		Federica Dal Bono and Barbara Lee
	References
	Notes
3 Key questions and next steps for how blended finance can best support least developed countries
	3.1. Making blended finance work for LDCs
	3.2. Principles and a roadmap to guide blended finance in the least developed countries
	3.3. How do the OECD Principles and Tri Hita Karana Roadmap apply to the least developed countries?
	3.4. What’s next for UNCDF’s action agenda on blended finance for least developed countries?
	3.5. Questions to shape the next steps
	References
	Notes
	Blended Finance in the LDCs_PAGES 11 et 12.pdf
		Foreword
		Acknowledgements
		Abbreviations and acronyms
		Executive summary
			The challenge
			Recent trends
			Making blended finance work for least developed countries