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