In 2013, OECD and the World Economic Forum launched the Redesigning Development Finance initiative. The use of blended finance is recognition that, to raise the trillions of dollars in annual funding that are needed to implement the 2030 Agenda for Sustainable Development, public and philanthropic capital needs to be used strategically, to mitigate risks in order to crowd in private capital. As follow up to this work the Addis Abba Action Agenda announced the Sustainable Development Investment Partnership (SDIP), and Convergence. SDIP aims to mobilise US$100 billion in financing over five years to infrastructure projects in developing countries.
The partnership targets potential private investments by improving and enhancing instruments to reduce potential risks. Convergence is a platform that connects and supports private, public and philanthropic investors for blended finance deals in emerging and frontier markets. The OECD and WEF declared 2016 as the year to operationalise blended finance activity and opportunities. The OECD is in the process of delivering a work programme over the next two years with regard to blended finance; one first element of this work will be a Landscaping Paper that will outline current approaches to blended finance. This session, bringing together some of the direct finance initiatives (DFIs) which have been active in blended finance, will review the findings of this survey, discuss what lessons can be drawn so far and how to ensure that the fairly new innovation of blending for agriculture will keep gaining momentum
Coordinated and chaired by Paul Horrocks, Lead Manager, Private Investments, OECD.
Day 1: 07 November 2016 13:30 - 15:15
Silver HallSession organisers