Finance for Development Grant
In context
This call is open to large companies, non-profits and social enterprises and 1 other, at scale-up and mature. Coverage is read from the notice itself: Global-South, Africa and Asia and 1 other.
Finanza per lo Sviluppo is a blended finance programme offering aid credits, debt conversion, and other instruments to mobilize private sector capital and expertise for development impact in partner countries, aligned with the SDGs. It targets projects with high social and economic returns in developing economies.
About this grant
Finance for Development (Finanza per lo Sviluppo) is a package of financial instruments managed by the Italian Agency for Development Cooperation (AICS) and designed in terms of return, risk and impact. The instruments aim to mobilise resources, including from the private sector, for high-impact social and economic initiatives in partner countries. The page frames this in the context of the financing gap for the Sustainable Development Goals and the Addis Ababa Action Agenda (2015). The page describes two instruments. Aid credits (crediti di aiuto) are loans to partner countries on highly concessional terms regarding interest rate, maturity and grace period. Debt conversion is a mechanism in which concessional debt owed by partner countries (listed on the DAC list of ODA recipients) is cancelled in exchange for the debtor country investing equivalent local-currency resources in development projects. A third strand, Sviluppo +, is directed at companies with a seat in the European Union, or companies based in OECD-DAC partner countries that must also have a seat, including a secondary one, in Italy, with proven experience in the intervention sector. AICS handles technical and economic appraisal, dossier development, and monitoring and control activities for these instruments.
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Eligibility
Sviluppo + is open to capital companies or partnerships with a registered seat in the European Union, and to companies based in OECD-DAC partner countries that must also maintain a seat, which may be secondary, in Italy. Applicants must demonstrate proven experience in the intervention sector. Aid credits are directed at partner countries and debt conversion applies to partner countries on the DAC list of ODA recipients; these are sovereign-level mechanisms rather than open calls to organisations. No deadline or application window is stated on the page.
Key requirements
- ✓Projects must demonstrate high social and economic impact aligned with SDGs
- ✓Private sector engagement and co-investment required
- ✓Eligible in AICS partner countries (primarily Global South)
- ✓Blended finance structure combining aid, debt conversion, and commercial capital
Funder contact
The notice names a programme contact you can speak to before applying.
Frequently asked questions
- Who can apply for Finance for Development?
- Eligibility covers organisations in GLOBAL-SOUTH, AFRICA, ASIA, LATAM; large-company, nonprofit, social-enterprise, consortium. See the eligibility criteria above for the full conditions.
Relevant sectors
About this sector
Climate fintech funding backs financial products and infrastructure that move capital to climate solutions, from green lending platforms to risk and disclosure tools. Support comes from innovation programmes, development finance and investors. Applicants are usually asked about regulatory approval, data sources and how the product reaches its users.
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