Development Finance Architecture

Development Finance Architecture

From Conditionality to Co-Creation: The Rise of 'Outcome-Based' Finance and Its Unintended Governance Effects

This guide examines the profound shift from traditional conditional financing to outcome-based models, where funding is tied to measurable results rat...

Development Finance Architecture

The Invisible Ledger: How Derivative Instruments Are Quietly Reshaping Multilateral Lending Portfolios

Beyond the public loan agreements and policy statements, a sophisticated, often opaque layer of financial engineering is fundamentally altering the ri...