The Landscape of OECD DAC Discussions on Financing for Development: Focusing on Development Financial Institutions (DFIs)

Abstract

This paper summarizes the recent discussions led by the OECD DAC focusing on the partnership with the private sector for financing development, and looks at the corresponding institutional changes in the donor countries, focusing on development financial institutions (DFIs). The purpose of the paper is to help the readers in the field of Korean development cooperation understand the overall landscape of OECD DAC discussions on financing development in the last three to four years and to capture how donor countries have responded to the discussions with their development financial institutions (DFIs). In this paper, the OECD DAC discussions summarized are as follows: △ blended finance, △ social impact investing, △ measuring the donor efforts in the use of private financial instrument (PSI), △ the amounts of private finance mobilized by donor efforts. In regards, the development financial institutions (DFIs) in US, Canada, UK and Denmark are selected to study how they use their DFIs in correspond to the OECD DAC discussions on financing development.

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