Press Release: IFC, Convergence Join to Support Blended Finance for Health and Education Investment
Convergence is working with IFC, a member of the World Bank Group, in the development of a new platform for blended finance for investment in health and education businesses in developing countries serving the base of the pyramid (BoP) – the 4.5 billion poorest people who live on less than USD 8 per day.
Convergence and IFC will together fund the platform design, including product offering, with potential for raising as much as USD 500 million for investment and advisory support. This work is part of Convergence’s efforts to support catalytic blended finance vehicles, with funding provided by the Government of Canada.
Photo courtesy of John Twohig.