Building Together : Co-Financing with the World Bank - Progress Report 2025

Overview & Synopsis

Co-financing is greater than the sum of its parts. It is not new, but in the last two years, the World Bank has worked to increase co-financing interest and opportunities among its partners—MDBs, bilateral and UN agencies, and philanthropy. Having multiple partners finance the same project together, rather than different projects separately, reduces aid fragmentation; enables the financing of larger, more complex projects; and reduces the administrative burden on countries. Through co-financing, governments typically follow just one set of rules while receiving coordinated support from multiple development actors. By sharing costs and risks, co-financing can optimize the use of limited resources and enable larger, more impactful investments than any single entity could achieve alone.