Canadian government commits over $873M for blended finance initiatives. Here’s why that’s good news for MEDA.
According to the United Nations Conference on Trade and Development (UNCTAD), in order to achieve the Sustainable Development Goals (SDGs) by 2030, it will take between $5 - $7 trillion US. On their own, current levels of Official Development Assistance are not enough, resulting in an investment gap in developing countries of about $2.5 trillion.
That’s a challenge. But MEDA, in partnership with Global Affairs Canada, is tackling this issue head on through blended finance.