27th September 2024
Convergence Blended Finance has just published its newest report on the state of the entire blended finance market in the New York Climate Week. The organisation recorded 1,123 blended finance transactions, totalling $213 billion in the last 12 months.
AmazoniaImpactVentures (AIV) is proud to have been a part of this journey. Over the past year, Convergence has been an invaluable partner, helping us secure a grant of $350,000 through the Catalytic Climate Finance Facility (CC Facility), a partnership between Climate Policy Initiative (CPI) and Convergence Blended Finance.
This grant, along with customized technical assistance, has significantly improved our investor outreach and accelerated the market roll-out of our solutions.
From Convergence’s report, we celebrate:
A market rebound in 2023, with financing totals growing to $15 billion, reaching a 5-year high.
The effectiveness of combining technical assistance with funds in achieving impact targets.
An increase in blended financial services deals targeting women as end beneficiaries, rising from 34% in 2018-2020 to 54% in 2021-2023.
Greater investments from multilateral development banks and development finance institutions.
As blended finance proves its importance in deploying capital to the Global South, what other financial tools are available to move capital sustainably? Share your insights in the comments below!
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