Articles by Chris Clubb
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Guest Articles
Wednesday
April 19
2023A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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Guest Articles
Wednesday
July 19
2017Addressing Eye Care in Emerging Markets with Blended Finance
WHO estimates that 39 million people suffer from blindness, more than half of them due to cataracts, and more than 90 percent of blind people live in the developing world. Cataracts are often curable but the traditional surgery is expensive. Convergence is supporting GlobalVision's plan to build on the affordable eye model that Aravind pioneered in India and establish a network of 60 eye care hospitals in emerging markets over the next 10 years, borrowing techniques from the microfinance sector.
- Categories
- Health Care, Investing, Social Enterprise, Technology
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Thursday
September 1
2016Closing the $2.5 Trillion Gap: How blended finance can help achieve the SDGs
The UN estimates it will take $3.9 trillion a year to achieve the Sustainable Development Goals. Based on current global development spending, that implies an annual funding shortfall of $2.5 trillion. Convergence describes how blended finance can bring together private and public investors to fill that gap.
- Categories
- Investing
- Tags
- impact investing, SDGs