Description
The Investment Facility was set up under the Cotonou Partnership Agreement between the EU and the ACPs as a risk-bearing instrument for promoting the private sector in the ACPs, with risk pricing as an instrument to ensure its viability. At the same time the Investment Facility has a clear development objective. This document outlines ways to better assess how Investment Facility Operations contribute to the Cotonou Agreement's objectives. In a pragmatic and holistic approach the Development Impact Assessment Framework outlines the focus on seven areas; the financial, economic, social and environmental performance, governance, and contribution to the Investment Facility strategy and to the Millennium Development Goals to make a judgement on the development impact of individual projects.
