Magdalena Orth-Rempel
German Institute for Development Evaluation (DEval)
Email magdalena.orth@DEval.org
Website https://www.deval.org
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development in developing countries (OECD, 2018), is becoming increasingly i
mportant for bridging the investment gap for the Sustainable Development Goa
ls (SDGs). However, little is known about its development impact. This repor
t presents the findings of a systematic search on blended finance studies an
d evaluations, which are visualised as an evidence gap map (EGM). The EGM pr
esents the results on a matrix of eight blended finance instruments and 14 s
ub-effects, which were grouped into four categories of effects: financial ad
ditionality, development additionality, market development and sector effect
s. The search identified 33 publications that met the inclusion criteria, co
ntaining 87 individual pieces of evidence. Almost half of the blended financ
e instruments focused on results-based incentives, with grants and guarantee
s being the next most numerous. Most of the evidence was found in programme
evaluation reports (67%), while (quasi-)experimental evidence was scarce (12
%).
The comparison with a blended finance database (Convergence, 2020) show
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illion in 2007 to USD 136 billion in 2018 did not trigger a similar increase
in research. A particularly strongmismatch between frequency of use and lac
k of research was found for insurance, hedging and junior/subordinated capit
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t presents the findings of a systematic search on blended finance studies an
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German Institute for Development Evaluation (DEval)
Email magdalena.orth@DEval.org
Website https://www.deval.org