Risk Academy, a Nexortium programmeFinance and EconomicsDepartment of Public Finance and Development Economics

Multilateral and blended finance, project finance, safeguards, adaptation finance and inclusion

Development finance

Development finance covers the public and blended finance that development institutions provide for countries' investment, and the evidence and safeguards it requires: project finance, environmental and social safeguards, climate adaptation finance, financial inclusion and country readiness to use risk information in investment.

risksacademy.comfinance-economicsdiscipline

Development finance, drawn as term-structure curves: 0 primary courses open, 1 in preparation, 1 approved for authoring and 0 also taught here, across 8 subtopics. Courses: RAN-339 L3 in preparation, RAN-355 L2 approved for authoring.20L1L2L3L412
Development finance at a glance. Drawn as term-structure curves.
  • Open, 0
  • In preparation, 1
  • Approved for authoring, 1
  • Subtopics, 8
Course codes from the curriculum; study levels L1 to L4.
Twin builder and simulatorHouston and the Ship Channel5 twin generators, 12 layers, 3 instruments
courses open now
0
in preparation
1
approved for authoring
1
power plants, 11,875 MW
30

Twin figures for Houston and the Ship Channel, counted from its layers at their stated dates.

Twin builder and simulator.

For Development finance: the faculty's twin of Houston on the planet map, the globe and in 3D. Pick a generator, switch layers, run the instruments; every layer prints its provider and date.

Houston and the Ship Channel: a flat plan of the faculty twin. Terrain 0 to 66 m; 30 power plants, 11,875 MW; 7 refineries and chemical works; 2 port land; 29 named works; 154 named industrial sites; Surface water extent, OPERA DSWx (HLS): live, loads in the twin; Built-up and settlement extent, HBASE 2010: live, loads in the twin. Contours every 10 metres from the elevation grid; power plants as marks; refineries, terminals and industrial sites as marks.
Houston and the Ship Channel, United States. Flat plan of the same data: relief as contours from the inline grid, the plants by capacity, the industrial points by kind and the numbers below. The 3D twin opens on devices with WebGL once its data and library have been checked.
  • Terrain 0 to 66 m
  • 30 power plants, 11,875 MW
  • 7 refineries and chemical works
  • 2 port land
  • 29 named works
  • 154 named industrial sites
  • Surface water extent, OPERA DSWx (HLS): live, loads in the twin
  • Built-up and settlement extent, HBASE 2010: live, loads in the twin
Credits and dates per layer are listed under the stage. Relief in the twin is exaggerated ×1.5 for legibility.

Drag to move, right drag or Shift with a drag to turn and tilt, Ctrl with the wheel to zoom. Keyboard: arrows move, Shift with arrows turn and tilt, + and - zoom, 0 resets, V steps through the views, Escape clears.

Flat plan of the same data: relief as contours from the inline grid, the plants by capacity, the industrial points by kind and the numbers below. The 3D twin opens on devices with WebGL once its data and library have been checked.

The map loads from this site as it nears the view (MapLibre 6.9.1, checked by hash).

The discipline in brief.

The discipline teaches concessional and blended structures with additionality stated, project finance cash-flow and risk allocation, the IFC Performance Standards (2012) and the Equator Principles (EP4, 2020) as safeguards, adaptation finance appraisal with the hazard and exposure data it rests on, financial inclusion measurement, and results frameworks with evidence. A graduate can structure a blended finance package and state its additionality and subsidy, appraise a project's environmental and social risks against the performance standards, and write an adaptation finance proposal whose hazard data and estimates are named.

This area covers the public and blended finance that development institutions provide for countries' investment, and the evidence and safeguards it requires. It is taught in the department of Public Finance and Development Economics, Faculty of Finance and Economics, through 1 course with it as primary discipline.

What the discipline covers.

8 subtopics, taught across its courses and labs.

Courses
0 open, 1 in preparation
Levels
L3 Advanced
Labs
Map lab, Exposure lab
  • Multilateral and bilateral development finance
  • Blended finance
  • Infrastructure project finance
  • Environmental and social safeguards
  • Climate adaptation finance
  • Financial inclusion
  • Country programme readiness
  • Results and evidence

Not yet taught by a course: Risk-informed development investment.

What is changing now.

Recent developments in development finance, each with its source; sources checked on 16 October 2026. Summaries are short readings of the source; follow the link for the full account.

The faculty hub.

News and research as they are published, per discipline, with the faculty's other tools.

The newest research, preprints, news and humanitarian reports for Development finance, each with its source and date, load here. Open the research and news hub

Frameworks and standards it works with.

From the Academy's risk taxonomy: the discipline's own entries and those of its primary courses, with how many courses teach each.

Frameworks and standards

  1. INFORM Risk Index1 course
  2. Sendai Framework for Disaster Risk Reduction 2015-20301 course

Methods and practice

  1. Indicators and composite indices1 course

Hazard families

  1. Sovereign debt distress1 course

1 in preparation.

No course with this primary discipline is open yet; these are planned, so you can prepare with the courses also taught here.

Courses with this primary discipline0 open, 1 in preparation

  1. RAN-339National and Country Risk AssessmentIn preparationNexus, L3 Advanced, 12 hours (estimate)

1 course approved for authoring.

Approved for authoringno enrolment and no achievement until authored and reviewed

  1. RAN-355Development Finance and Risk-informed InvestmentApproved for authoringL2 Intermediate, about 10 hours (estimate)

Where the subject is worked on.

The two Foundry systems where it is practised.

  • Nexus FoundryNexus systemDevelopment programmes run as portfoliosPortfolios room
  • Rails systemConditions attached to financingObligations room

Nexus Foundry system pages describe what each system and its rooms are designed to do; they are not a service on offer, and studying here gives no access to them.

How technology helps and what risk it brings.

How the subject is practised in labs.

LabWhat you do in itCourses using it
Map labRead hazard, exposure and boundaries on real maps1
Exposure labOverlay people and assets with hazard footprints1

What you can earn here.

Terms used on this page.

Development finance

Prepare with a related course.

Open courses in connected disciplines teach the methods this discipline will build on.

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