Convergence Blended Finance Inc.
$7,016,982.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2021-2022
- Agreement period
- June 25, 2021 – March 31, 2026
- Project status
- Implementation
- Reference
- CA-3-P001361008
Published purpose
This project aims to increase the capital invested, particularly from non-traditional sources of development finance, to support projects in developing countries to address the financing gap of the Agenda 2030 for Sustainable Development Goals (SDGs). Project activities include: (1) connecting investors and investees on Convergence’s investment network platform; (2) providing donors, non-governmental organizations and private sector actors with blended finance market building tools; and (3) providing an incubator called the design funding facility to advance innovative blended finance and results-based finance solutions and attract additional funding for a significant impact on development.
In plain English AI-generated
This project supports Convergence Blended Finance Inc. in increasing investment, especially from non-traditional sources, to fund sustainable development projects in developing countries, aiming to close the financing gap for the UN Sustainable Development Goals.
Category: Foreign Aid Development Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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