Measuring the Development Impact of the IFC and Development Finance

Charles Kenny and George Yang
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George Yang: Center for Global Development

No 562, Working Papers from Center for Global Development

Abstract: Development Finance Institutions (DFIs) including the International Finance Corporation (IFC) tend to look at their development impact using project-level indicators of outputs and employment impacts. Evaluation of the development impact of DFIs should try to estimate the difference between how the country and sector is with the DFI investment compared to how the country and sector would be absent the investment. Using a database of IFC and other investments and sector outcomes covering infrastructure and finance, we find the quantity of IFC investment was significantly associated with larger sums of future non-IFC private investment, but it is diffcult to find evidence of an impact on outcomes.

Keywords: infrastructure; World Bank; International Finance Corporation (search for similar items in EconPapers)
JEL-codes: F35 O25 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2020-12-16
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Persistent link: https://EconPapers.repec.org/RePEc:cgd:wpaper:562

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