Report – Evaluation of the LDC Infrastructure Fund

Evidence suggests that in many least developed countries underinvestment in infrastructure is a major constraint to growth. Lack of capital is an important cause of this underinvestment. In 2002, the Minister for Development Cooperation established the Least Developed Countries (LDC) Infrastructure Fund, to be managed by the Netherlands Development Finance Company (FMO). The objective of this fund is to provide financial instruments to stimulate private infrastructure investments in LDCs.