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Convergence: A New Platform for Blended Finance

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by Aniket Bhushan

Published: July 16, 2015 

DFATD Canada, and its partners, have launched a new platform for blended finance, at the Financing for Development conference in Addis Ababa, Ethiopia.

The platform is called “Convergence”.

Convergence will be an independent organization based in Toronto, Canada. Canada’s contribution, through DFATD, is US$ 18.5 million. The platform will launch in January 2016.

Convergence aims to connect private, public and philanthropic investors (i.e. blend financing) with screened opportunities in emerging and frontier markets.

For more: 

Download the briefing note. Read the address by Minister Paradis.

Canada is playing a leading role in ‘blended finance’.

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