Evaluation of the IFC Green Bond Technical Assistance Program

• Forschungsstelle: SECO
• Projektnummer: 2025-WEIF139/SECO-063.514

Kurzbeschreibung (Englisch)

The evaluation finds that GB-TAP is highly relevant, effectively addressing core barriers to green bond issuance in emerging markets by strengthening issuer capacity and regulatory frameworks. Its six components are coherent and well-aligned, combining training, technical assistance, and policy support, with the program adapting over time to include social and sustainability bonds as well as initial GESI considerations. Effectiveness is strong, as evidenced by positive beneficiary feedback, high training uptake, and documented improvements in institutional readiness across participating financial institutions and regulators. Efficiency is rated satisfactory, with high-quality delivery but some delays and operational bottlenecks linked to coordination across partners and complex TA processes. Sustainability prospects are promising, as GB-TAP has contributed to long-lasting institutional capabilities and market-wide public goods, though continued support is needed to maintain momentum in lower-capacity markets. Overall, the evaluation concludes that GB-TAP delivers substantial additionality by filling critical gaps in market development and offering support that would likely not have materialized through commercial actors alone.

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• WEIF 139 Evaluation Report [PDF] 1'407 kB
• WEIF 139 Management Response [PDF] 640 kB