Blended finance held steady in 2024, but could suffer impact from USAID shutdown: report

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Eco-Business 19h ago

Blended finance held steady in 2024, but could suffer impact from USAID shutdown: report - Eco-Business

Quick Summary:

Last year, deal volumes dipped to US$18.3 billion, but still topped a five-year average figure.

With the US foreign aid cuts, support from Germany, Japan, the UK, and new donors like the UAE and Singapore will be key, says Convergence.

Larrea noted that USAID – which plays an active role in development finance – was not the largest player in terms of actual volumes committed to blended finance, though it did play a catalytic role in providing early-stage support.