An analysis of existing frameworks for the measurement of private capital by DFIs and MDBs.
As the development finance system of institutions scrambles to mobilise capital markets, accurately assessing progress is necessary to develop an understanding of what the most effective strategies and instruments are, and what simply does not work. The adoption of methodologies delivering an overly optimistic picture of current achievements conversely presents a direct threat to the ability of the system to deliver on the objectives set by shareholders. Corrective measures are needed, and it seems necessary to push for the adoption of a single measurement system. This should introduce dimensions too often overlooked in the debate: time, risk, and funding strategies. Self-assessment is, absent an independent verification mechanism, perhaps not an advisable route to the measurement of capital mobilisation by DFIs and MDBs.