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Evaluating the Dutch Fund for Climate and Development

The DFCD seeks to improve the wellbeing, economic prospects, and livelihoods of vulnerable groups and enhance the health of critical ecosystems, from river basins to tropical rainforests, marshland, and mangroves.


The Fund is managed by a consortium including Climate Fund Managers (CFM), World Wide Fund for Nature Netherlands (WWF-NL) and SNV Netherlands Development Organisation, and led by The Dutch Development Bank (FMO).

Together, the consortium partners bring together long-standing project development expertise with capital raising and investment capabilities, to enable private sector investment in projects aimed at climate adaptation and mitigation in developing countries, specifically Least Developed Countries and Netherlands development cooperation priority countries.

In 2019, the Dutch Ministry of Foreign Affairs made EUR 160 million available for the DFCD to achieve its aims in a fund dedicated to enabling investments in climate-relevant businesses that promote climate adaptation and mitigation in developing countries.

Our role

Itad was contracted by FMO to undertake a formative evaluation of the first two years of the fund to provide learning outcomes to the DFCD Consortium Members on crosscutting themes. This included the climate and social relevance of identified projects, the Fund’s landscape approach, constraints addressed by the Fund, the bankability of business cases, and the effectiveness of consortium collaboration.

A key component of this evaluation was exploring the Fund’s landscape approach, applied as a way of managing a given ecological landscape through long-term collaboration among multiple stakeholders, with the purpose of achieving sustainable landscapes through Fund activities. The approach involves convening key stakeholders to build consensus about landscape management and decision making.

Itad’s evaluation provided learning to the DFCD Consortium by:

  1. Assessing how well the current set-up and approaches of the DFCD fund facilitates the origination of climate resilient projects and investments through the Origination Facility and the Investment Facilities, and how the set-up can be improved.
  2. Examining what improvements and synergies can be made (learning and adaptive management), both in terms of processes and approach by the fund and facilities.
  3. Provide practical recommendations on how improvements can be carried out for DFCD and for FMO as fund manager for the set up and implementation of future funds