This study reveals that private capital mobilisation for SMEs by DFIs is not happening in the way that it is usually accounted for and measured. Low mobilisation levels are reported at the point of investment but substantial private capital is being mobilised downstream. The report introduces a new concept: “secondary mobilisation”, and offers a practical roadmap by which to recognise, track, and scale this phenomenon.

This study investigates and compares the funding models of three of the 17 main bilateral DFIs. Its objective is to encourage conversation around their respective merits and demerits, to help stakeholders make informed decisions regarding the DFI’s balance sheet options and the use of debt capital markets-based leverage. This paper has been prepared as an input to the discussion on mobilisation in the OECD Development Assistance Committee CoP-PF4SD.

As global crises mount DFIs are increasingly being called upon and resourced to address these issues. It remains a challenge to know what investments are being made and the impact these are having. This report presents the findings of Publish What You Fund’s first DFI Transparency Index. The DFI Transparency Index is a comparative measure of the transparency of thirty leading DFI portfolios.