Research Series Issue 37: Determinants of cofinancing in IFAD-funded projects - A call to rethink development interventions

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Research Series Issue 37: Determinants of cofinancing in IFAD-funded projects - A call to rethink development interventions

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.

Authors

Manda Dite Mariam Sissoko, Natalia Toschi and Lisandro Martin

Topics

Rural finance

Citation

Sissoko, M.D.M., Toschi, N., and Martin, L. 2019. ‘’ Determinants of cofinancing in IFAD-funded projects.” IFAD Research Series 37. Rome: IFAD

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