Convergence and Global Asia Insurance Partnership (GAIP) have signed a MoU to promote the role of the insurance sector in supporting climate-resilient health outcomes in developing countries through blended finance. This partnership aims to encourage the mobilization of insurers into blended structures addressing the climate and health risks faced by marginalized and vulnerable communities in developing countries. A key deliverable of this partnership will be a playbook for leveraging insurance and blended finance for climate action. The partnership will also support capacity building as well as knowledge dissemination on the critical role that the insurance sector can play in blended finance. Learn more: https://bit.ly/42qmSQ6 #blendedfinance #insurance #developingcountries #climateaction #health #climate
Convergence Blended Finance
Financial Services
Toronto, Ontario 21,776 followers
The global network for blended finance.
About us
CONVERGENCE is the global network for blended finance. We generate blended finance data, intelligence, and deal flow to increase private sector investment in developing countries. BLENDED FINANCE uses catalytic capital from public or philanthropic sources to scale up private sector investment in emerging markets to realize the SDGs. Our GLOBAL MEMBERSHIP includes public, private, and philanthropic investors as well as sponsors of transactions and funds. We offer this community a curated, online platform to connect with each other on blended finance transactions in progress, as well as exclusive access to original market intelligence and knowledge products such as case studies, reports, trainings, and webinars. To accelerate advances in the field, Convergence also provides grants for the design of vehicles that could attract private capital to global development at scale.
- Website
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http://www.convergence.finance
External link for Convergence Blended Finance
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Toronto, Ontario
- Type
- Nonprofit
- Founded
- 2015
- Specialties
- Emerging and Frontier Markets, Blended Finance, Innovative Finance, Investor Matching, Market Data and Research, and Grant Funding
Locations
Employees at Convergence Blended Finance
Updates
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Our State of Blended Finance 2024: Climate Edition report found that the climate blended finance market saw its highest ever annual financing total in 2023, growing by 120% to $18.3 billion in aggregate investment from $8 billion in 2022. Notably the increase came from the private sector and commercial capital, as the amount of donor capital entering blended finance has stayed constant. The report offers an updated analysis on climate blended finance in emerging markets and developing economies (EMDEs), covering sectors, vehicles, regions, and investor trends. Swipe through the carousel for more highlights, and read the full report here: https://bit.ly/40nXNEg #blendedfinance #climate #climatefinance #developmentfinance #sustainablefinance #mitigation #adaptation #SDGs #emergingmarkets #climateaction
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Africa's Green Economy Summit is less than one month away! From February 19-21 attendees will explore cutting-edge green technologies, network with top sustainability experts, and help shape Africa's green future. This year's program addresses six key themes: - Green reforms - Biodiversity & nature - Climate finance - Resilient cities - Green supply chains - Green industrialization Learn more and register: https://bit.ly/42h8ObC #blendedfinance #climate #climatefinance #developmentfinance #sustainablefinance #africa #greeneconomy #AGES2025
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The call for expression of Interest for the inaugural ISFA - International Social Finance Accelerator 2025 Cohort is now open! This multi-year program aims to accelerate emerging fund managers with a focus on 3 key pillars for social impact: decent work across the value-chain, adequate living standards and wellbeing, and inclusive and sustainable communities. The ISFA will provide technical and financial support to impact investment managers in their start-up phase, who have strong, innovative social investment strategies and are ready to fundraise. Learn more and apply below. Accelerating Impact ICFA - International Climate Finance Accelerator #ISFA2025 #SocialFinance #InvestmentFunds #Impactfinance
📢 The Call for Expression of Interest for the inaugural ISFA 2025 Cohort is now open!⏳Apply until 28 February 2025⏳ Accelerating Impact, powering the ISFA - International Social Finance Accelerator and the ICFA - International Climate Finance Accelerator, is an independent non-profit association, set up as a public-private partnership by the Luxembourgish State and a dozen private partners with deep experience in impact finance, with a mission to accelerate the impact finance leaders of tomorrow across the globe. 🚀The ISFA offers an innovative multi-year programme that accelerates emerging fund managers focusing on 3 key pillars for social impact: 🟠Decent Work across the Value-chain 🟠Adequate Living Standards and Wellbeing 🟠Inclusive and Sustainable Communities 🥇🥈🥉 To become an ISFA Cohort Member, and take advantage of the programme benefits, Fund Managers are selected through a highly competitive, three phase selection process, first by the Accelerating Impact team, then an independent consultant, and finally by our Selection Committee. 💡 To highlight the competitiveness of the programme, in 2024, we had 64 eligible applicants for the ICFA programme and selected only 5 high-impact, innovative fund managers to be part of the 2024 Cohort. 🏆 Selected fund managers receive access to financial support, trainings on a wide range of topics, an expert coaching, and many other benefits. To find out more, 👇view the introduction to our initiative.👇 ⚠️ Please note: Starting this year, the ISFA programme will align with the selection process of its sister programme, the ICFA, by requiring additional documents at the Expression of Interest phase. ⚠️ Interested in applying? Click here ➡️https://lnkd.in/e28Kzaj8 #ISFA2025 #SocialFinance #InvestmentFunds #Impactfinance Stephan Peters, Laurence Hulin, Morgana Bourggraff, Jekabs Vinauds, Giulia Dunand, Marjolaine M., Camille Dassy
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Join Africa's Green Economy Summit on January 23 for a webinar exploring Innovative Agri-Finance for Africa: Tech, Capital Access and Carbon Solutions. The session will examine key strategies to address financing gaps for smallholder farmers and agri-businesses by leveraging digital tools, improving financial inclusion, and scaling sustainable practices, as well as discuss successful case studies on climate-resilient agriculture, market expansion, and integrating carbon markets into agriculture to drive both profitability and sustainability. Learn more and register: https://lnkd.in/dxs8j6Bw #blendedfinance #africa #tech #carbonsolutions #agriculture #agrifinance #sustainablefinance #developmentfinance #climatefinance
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Our member the African Development Bank Group is looking for an Agri-food SME Catalytic Finance Mechanism (ACFM) Blended Finance and SME Investment Consultant, who will play a critical role in driving the origination, pipeline development, and investment operations of the Agri-food SME Catalytic Finance Mechanism (ACFM). The consultant will work closely with the Bank's ecosystem, particularly the agricultural, financial, and syndication departments to identify, design, and structure non-sovereign an technical assistance operations across the Investment and Technical Assistance windows, advancing co-financing opportunities that catalyze investments in agri-SMEs. Learn more and apply: https://bit.ly/40LRIlb #blendedfinance #agrifood #africa #smes #technicalassistance
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Read our new member spotlight featuring Dhun Davar, Global Head of Social Finance at UBS Optimus Foundation. UBS Optimus Foundation is an independent philanthropic foundation associated with UBS. They use a range of grant making and investment tools, and approaches such as blended finance and outcomes-based finance, to fund scalable, evidence-based approaches. Learn how they engage in blended finance as a foundation, how they measure impact, their focus on outcomes-based finance, and more. Read now: https://bit.ly/4gX8uDd #blendedfinance #developmentfinance #sustainablefinance #impactfinance #foundations #grants #SDGs #naturebasedsolutions #outcomesbasedfinance
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Our Managing Director Chris Clubb will be speaking at the upcoming CoP-PF4SD Conference 2025 on Mobilizing Private Finance Towards 2030 and Beyond on 5 February, 2025. Chris will join the Plenary Session “What is next for blended finance to live up to its potential?” where he’ll discuss the future of blended finance, what has worked and what hasn't, and how international development actors can improve the use of blended finance interventions. The conference will bring together public and private actors from across the international development finance ecosystem to explore how to mobilize private finance at scale. Learn more: https://bit.ly/4j9ls2t OECD Development San Bilal ECDPM 🌍 Leticia Ferreras Astorqui Allianz Global Investors Paddy Carter British International Investment Sokhna (Adji) MBAYE BOAD Titrisation #2030andBeyond #blendedfinance #emdes #developmentfinance #sdgs
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The Sustainable Investing Research Initiative (SIRI) at Columbia University’s School of International and Public Affairs (Columbia | SIPA) and Convergence have announced an academic partnership to advance the mutual goals of enhancing blended finance research, practice, and impact. The SIRI-Convergence Partnership aims to foster academic research, advance data collection and transparency, provide knowledge-sharing and research-informed educational training and capacity building, and engage and cultivate a global consortium of blended finance academics, particularly from the Global South. Learn more about the partnership: https://bit.ly/4hf9O4q Nnamdi Igbokwe, Ph.D. Caroline Flammer #blendedfinance #datacollection #datatransparency #capacitybuilding #globalsouth #developmentfinance #sustainablefinance
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The Catalytic Climate Finance Facility (CC Facility) Learning Hub is seeking a research-focused institute based in an emerging market or developing economy to collaborate on a research project that builds upon the knowledge within its inaugural report on gender-responsive blended climate finance transactions in the energy sector. The final response to this call must be sent to the CC Facility Learning Hub no later than January 20, 2025. Learn more and submit: https://bit.ly/496ut7D
The final deadline to submit a proposal for the Catalytic Climate Finance Facility (CC Facility) Learning Hub's Gender-Responsive Climate Blended Finance Research Project is fast approaching — proposals are due by January 20, 2025. The CC Facility is looking for a research-focused institute based in an emerging market or developing economy to collaborate on the research project that builds upon the knowledge within its inaugural report on gender-responsive blended climate finance transactions in the energy sector. Learn more and apply: https://bit.ly/496ut7D
Request for Proposals: Gender-Responsive Climate Blended Finance Research Project | CC Facility
ccfacility.org