Blended Finance Case Study: Blending happiness, hazelnuts and finance in Bhutan

In 2017, the International Finance Corporation (IFC) collaborated with the Asian Development Bank (ADB) and the Global Agriculture and Food Security Program (GAFSP) to invest US$12 million into a project to promote the cultivation of hazelnuts among smallholder farmers in Bhutan. This case study looks at how concessional finance channeled through a blended instrument was critical in the securing this investment, which stood to improve the livelihoods of about 15% of Bhutan’s population.


9 Jul 2020


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