Since the Monterrey Consensus in 2002 and in the context of the global financial crisis, development finance providers recognise the need to further exploit the public sector potential to catalyse private finance for development projects through mechanisms such as guarantees.
Official guarantees extended for development purposes, not being a flow as such, are not captured in the statistical framework of the Development Assistance Committee (DAC) or in international financial statistics more generally. (DAC statistics are collected on a cash flow basis following the Balance of Payment principles.)
In 2013, a Survey on guarantees for development was carried out by the Secretariat as part of the DAC workstream to improve statistics on non-ODA flows aiming to fill this information gap.
The main objective of the Survey was to estimate the volume of private sector flows to developing countries mobilised by guarantee schemes over the period 2009‑11. The Survey results will also contribute to the reflection on the post-2015 development finance framework.The Survey is based on a questionnaire sent to Development Finance Institutions (DFIs), aid agencies and International Finance Institutions (IFIs).