Convergence Blended Finance Inc.
$5,000,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2020-2021
- Agreement period
- March 29, 2021 – December 31, 2026
- Project status
- Implementation
- Reference
- CA-3-P009097001
Published purpose
This project aims to increase capital mobilization for the Sustainable Development Goals, and build a pipeline of gender-responsive climate finance solutions. As part of Canada’s $2.65 billion climate finance commitment, Global Affairs Canada partnered with Convergence Blended Finance Inc. to provide design-stage funding to practitioners developing blended finance solutions focused on climate change and gender equality. This project supports one of the following two types of funding: 1) a feasibility study, to explore the feasibility of the blended finance vehicle, including assessing bankability, conducting market scoping and determining the structure; and 2) a proof-of-concept study, to complete all design and structuring activities to launch the blended finance vehicle. Convergence synthesizes and disseminates lessons learned on designing gender-responsive climate finance solutions with the wider development community.
In plain English AI-generated
This project provides design-stage funding to develop blended finance solutions that mobilize capital for climate change and gender equality, supporting the Sustainable Development Goals as part of Canada's climate finance commitment.
Category: Climate 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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