Afford policy brief Blended Finance Summary July 2019

Attracting private capital to emerging or frontier markets in Africa poses significant challenges for governments, development Finance Institutions (DFIs), philanthropists, and private impact investors. It also opens up opportunities, given the increasing shift by investors towards funds that help meet Environmental, Social Responsibility, and Governance (ESG) concerns. Drawing in such private capital flows to unlock the estimated USD $331 billion needed for small and medium-sized enterprise (SME) growth in Africa, will be critical in meeting targets set in the Sustainable Development Goals (SDGs).

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