This report was jointly prepared by the OECD Development Co-operation Directorate (DCD), which is headed by Director Jorge Moreira da Silva, and by the United Nations Capital Development Fund (UNCDF), which is under the leadership of Judith Karl, Executive Secretary. The two organisations are deeply appreciative of the quality of this collaboration, which started in 2017.
Irene Basile, Policy Analyst, OECD and Samuel Choritz, Policy Adviser, UNCDF were the managers and lead authors of the publication. Within the OECD, the work was performed under the supervision of Haje Schütte, Head of Financing for Sustainable Development Division, with operational oversight from Paul Horrocks, Head of Private Finance for Sustainable Development Unit. Patrick Dougherty played an integral role in the drafting and in-depth data analysis. Cécile Sangaré and Tomas Hos provided invaluable support for the latter task. Thanks also go to the UNCDF management team for their important guidance and inputs during the drafting process.
The OECD is deeply grateful to all of the respondents to the 2018 Survey on Private Finance Mobilised by Official Development Finance, who made this research possible. The quantitative analysis also benefited from the complementary information generously provided by Justice Johnston (Convergence).
The team would like to thank all those who contributed their experience and expertise in their guest pieces: Jean-Philippe de Schrevel (Bamboo Capital Partners); Izabella Toth (Cordaid) and Romy Miyashiro (Cordaid Investment Management BV); Bettina Prato (Smallholder and Agri-SME Finance and Investment Network, IFAD) and Dagmawi Habte Selassie (IFAD); Federica Dal Bono and Barbara Lee (World Bank Group); Priya Sharma (USAID); Andrea Ordóñez (Southern Voice); and Maniram Singh Mahat (Town Development Fund, Nepal). Thanks also go to Fabrizio Cometto (UNCDF) for providing Box 1.2 on the missing middle.
The research underpinning this report benefited from the roundtable discussion – “Can blended finance work to leave no one behind?” – organised by UNCDF in collaboration with Development Initiatives and the United Nations Foundation on 18 April 2019 at the United Nations Foundation offices at the Ford Foundation Center for Social Justice in New York. In addition, the report benefitted immensely from the comments and feedback from an expert group of peer reviewers: Cecilia Caio (Development Initiatives), Gonzalo Gutierrez (International Finance Corporation), Gail Hurley (UNDP), Justice Johnston (Convergence), Sandra Louiszoon (Ministry of Foreign Affairs, Netherlands), Shari Spiegel (UN-Department of Economic and Social Affairs) and Alvino Wildschutt-Prins (Development Bank of Southern Africa).
A special thanks to the communications team for their support on the publication, including Stacey Bradbury, Stephanie Coic and Henri-Bernard Solignac Lecomte (OECD) and Fernando Zarauz-Astorki (UNCDF). Fiona Hinchcliffe and Christophe Brilhault contributed with copy editing and graphic design. The authors also extend their gratitude to Elise Le Marec (OECD) and Krisanhty Supangkat and Maxime Allonce (UNCDF) for their administrative support.
Finally, the two organisations would like to extend their appreciation to the governments of Malawi and the Netherlands for partnering in the launch event held on 15 July 2019, during the High-Level Political Forum at the United Nations in New York City.