Blended Finance Brief: February 2025

BLOG: BREAKING DOWN THE BILLIONS

Read this blog by our Associate Elyssa Pullella and former Associate Thomas An taking a closer look into Convergence’s Design Funding Program’s $2 billion mobilization figure. The blog delves into how Convergence-supported blended finance solutions have successfully attracted substantial capital, breaking down the types of investors involved and the specific financial vehicles utilized.

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Read our latest member spotlight featuring Harry McIndoe , Director at BPL , discussing how insurance is used in the development finance market, BPL’s experience in the blended finance space, advice for those interested in partnering with insurers, and more.

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OP-ED: BLENDED FINANCE ISN’T PERFECT, BUT IT’S ESSENTIAL

Read this op-ed by our CEO Joan M Larrea in Pioneers Post in response to a recent UN policy brief critiquing blended finance for falling short of expectations. Joan argues that the Brief creates a misleading narrative around blended finance's role in meeting the Sustainable Development Goals and offers real world perspectives from Convergence on where blended finance is and how we think it needs to evolve.

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On March 24, the Catalytic Climate Finance Facility (CC Facility) will start accepting applications for the first class of 2025. The CC Facility accelerates the implementation of climate finance structures by offering grant funding of up to $500,000.

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INSIGHTS: USAID SHUTDOWN ‘UNDERMINES GLOBAL IMPACT INVESTING ECOSYSTEM’

Read this piece on USAID 's shutdown in Pioneers Post featuring insights from our CEO Joan M Larrea on how blended finance will be impacted. "USAID has been the largest player among official donor agencies in our space,” says Joan. In the immediate aftermath, without key funding from USAID, many projects and partners in the global blended finance ecosystem will suffer.

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OP-ED:?TO SUPPORT CLIMATE ADAPTATION, EXPERIENCED FUND MANAGERS MUST TAKE THE LEAD

Read this recent op-ed in Environmental Finance by our Manager, Regina Rossmann discussing the need for experienced fund managers to take the lead in supporting blended climate adaptation.

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WATCH:?BLENDED FINANCE: AN INNOVATIVE APPROACH OF MOBILIZING PRIVATE CAPITAL

Watch our member Shamba Centre for Food & Climate 's interview with our Director, Aakif Merchant . Aakif discusses blended finance in Africa, key sectors for innovative finance, the next frontier for blended finance, and more.

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REMINDER: GLOBAL BLENDED FINANCE FORUM

To celebrate its 10th anniversary, Convergence will host the first ever Global Blended Finance Forum in Washington DC, from November 3-5, 2025.

This first of its kind gathering will bring together a wide spectrum of blended finance practitioners to share insights, discuss market trends, and break down silos, with an aim towards defining the next decade of blended finance.

Early bird registration is currently open. Follow Convergence Global Blended Finance Forum for up to date information, including newly announced speakers, agenda items, and themes.

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WATCH: CONVERGENCE ANSWERS

Our Convergence Answers videos break down key concepts, from design funding to impact investing, and discuss how blended finance can drive global impact.

Watch the full series