NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Tommy Wilkes and Simon Jessop

Allianz Global Investors and Dutch development bank FMO have agreed on one of the largest “blended finance” funds on record, raising $1.1 billion to invest in loans that help emerging and frontier countries meet sustainable development targets.

The fund is the largest of its type since 2018 and one of the five biggest to date, according to Convergence, which tracks the market and said the fund also stood out for the high ratio of private capital invested for every dollar of public funds.

Photo courtesy of Pictures of Money.