The Organisation for Economic Co-operation and Development released a new blended finance framework on Monday aimed at helping increase and improve the quality of finance that is mobilized and invested in low-income countries.
“Against the background of increasing risk of fragmentation in blended finance approaches and governance, a common policy framework and understanding is crucial to ensure effectiveness,” says the framework, which aims to outline policy recommendations and practical steps for implementation.
Background: OECD defines blended finance as “the strategic use of development finance for the mobilisation of additional finance towards sustainable development in developing countries.” Additional finance is commercial finance that doesn’t primarily target development outcomes.
This story is forDevex Promembers
Unlock this story now with a 15-day free trial of Devex Pro.
With a Devex Pro subscription you'll get access to deeper analysis and exclusive insights from our reporters and analysts.
Start my free trialRequest a group subscription