Credit Lines - Lending through financial intermediaries

Lending through financial intermediaries, widely known internally as “credit lines,” has been a significant part of the Bank's operations since its inception. Credit lines have allowed it to reach larger numbers of smaller borrowers than possible through direct lending, and alongside other forms of support have contributed to financial sector development and growth of strong partner intermediaries. They have also evolved significantly over time and are critical instruments for delivery by the Bank on a wide and ambitious range of new commitments.

This evaluation examines the design, targeting, execution, monitoring and effects of a large sample of recent credit lines, defined for its purposes as “term loans extended to financial intermediaries with a defined use of proceeds.” and focuses principally on the market context, strategic approach and signed operations of the period 2011-2015.