Becoming part of a mainstream movement – blended finance in water and sanitation. Water Blog, May 2018.
Persuasion does not always involve an epiphany. Often, attitudes are formed and opinions are shaped by the steady accumulation of evidence and examples. And so, it has been for me when it comes to blended finance.
While anecdotes of transformation may be catchier, the gradual absorption of the work of experts and practitioners is frequently how one’s thinking evolves.
I left the recent 2018 Global Water Summit not feeling transformed or possessed by the idea that blended finance is THE solution for bridging the humongous financial gap required to meet SDG6, but more convinced than ever it has a key role to play. I was also positively surprised that this financial solution is no longer an exotic stranger to our sector and that a significant number of water supply and sanitation (WSS) practitioners are implementing blended finance schemes.
What exactly is blended finance? The OECD representative at the summit explained it as a strategic use of development finance to mobilize private capital flows to emerging and frontier markets. From my experience in Europe, I know that
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