Member Proparco and IFC have agreed to collaborate more closely to create markets, mobilize private sector investment, and support economic recovery in developing countries in the wake of the COVID-19 global crisis.
The agreement addresses a full range of collaboration activities with an emphasis on three key areas. First, it details the approach for helping to build a pipeline of bankable and high-impact projects aimed at laying the groundwork to attract investors into developing countries. Second, it promotes greater reciprocity in project co-financing arrangements and allows IFC to join transactions originated by other development partners. Third, it underscores the importance of the “Blended Concessional Finance Principles for Private Sector Projects”, a disciplined and targeted approach to blending funds from concessional donor and commercial sources.
