Co-financing operations

Co-financing refers to any arrangement under which the World Bank funds or guarantees are associated with funds provided by third parties for a particular project or program. Official co-financing, either through donor government agencies or multilateral financial institutions, constitutes the largest source of co-financing for Bank-assisted operations.

The Bank’s objectives in encouraging co-financing are to:
• Mobilize resources to fill a financing gap in a specific project or program.
• Establish closer coordination with official donors on country programs, policies, and investment priorities.
• Provide donors with a cost-effective way of extending assistance by using the Bank’s country experience and capacity to manage projects and programs.
12 of all active IDA credit’s to Vietnam receives co-financing from other multilateral or bilateral donors.

Table