Evaluatierapport (PDF, 6.47 MB) - Buitenlandse Zaken - Belgium

FINEXPO EVALUATION
Denmark:
Mixed credit
programme
The overall objective of the mixed credit programme is to
contribute to poverty reduction in selected developing countries
through the involvement of the Danish private sector in
implementing development projects.
The operative objectives are 1) to support activities contributing to
create viable economic growth in the recipient countries, including
activities within infrastructure, 2) improve the social sectors in the
recipient countries and thereby improving living conditions of the
respective populations, 3) increase the production of sustainable
energy in the recipient countries, and 4) improve the
environmental situation and the working environment of the
recipient countries.
The Danish mixed credit is an interest-free or low-interest loan,
typically with 10 years' maturity aimed at financing supplies of
equipment and related services for development projects.
Spain: Fondo
de Ayuda al
Desarrollo
Tied credits are the starting point for any project under this
programme, but conditions have been differentiated. Untied mixed
credit facilities are available to Danida's Programme Countries and
South Africa. A tied credit facility is made available to relatively
creditworthy countries being a lower or upper middle income
country (tied and untied depending on the country of intervention).
The subsidy of a Danish Mixed Credit consists of up to three
elements:
Payment of interest – fully or partly
Payment of the export credit premium and other
financial costs
Up-front grant to reduce the principal of the loan (only
for projects in least developed countries).
The Development Assistance Fund (Fondo de Ayuda al Desarrollo –
FAD) was established in 1976. FAD’s objective is to transfer
financial resources to developing countries and international
development institutes. Up to the 1990s, FAD was almost
exclusively dedicated to the export of goods and services by
Spanish companies, hence is was an instrument of official export
support. Nowadays, and in adherence to the various OECD
Arrangements, FAD combines the objectives of internationalisation
of the Spanish private sector with development assistance and is
composed of three main modalities:
FAD for internationalisation;
Contributions to multilateral organisations and fiduciary
funds established by international organisations, like the
World Bank;
Contributions to special funds, like those for Palestinian
Refugees, or the climate change.
For comparison with FINEXPO, only FAD Internationalisation is of
relevance. And among the instruments put in place for FAD
see
Final report – Appendix 8 – page 143