This study is an analysis of what drives cofinancing in IFAD-supported programmes/projects, covering 20 years of data from 559 projects in 109 countries.
Significant factors that predict the cofinancing level, include: income level, fragility, national budgetary limitations, quality of rural institutions, governance, the size of the country and its vulnerability. The quality of implementation is another project-related factor found to be a major driver of donor commitment. Also, larger projects attract more cofinancing.
In IFAD’s case, its performance rating, the in-country experience of country programme managers, the size of the portfolio managed, and the presence of a Country Office also had a positive impact on resource mobilization.
The results provide valuable insights to guide IFIs in assembling development finance and delivering impacts at scale to achieve the SDGs.
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