Grants and Contributions:
Title:
Accelerator for Fund Managers
Agreement Number:
7466464 P014972001
Agreement Value:
$10,000,000.00
Agreement Date:
Mar 5, 2025 - Mar 7, 2033
Description:
This project helps underserved communities in developing countries build financial stability by supporting new financial tools ultimately mobilize both public and private capital to bridge the financing gap for the Sustainable Development Goals.
To achieve this objective, the project provides design funding grants in addition to knowledge, tools, resources and training on blended finance to fund and asset managers. This seeks to enable them to design and launch impact-focused and gender-inclusive solutions targeted towards underserved markets in emerging and developing countries.
Organization:
Global Affairs Canada
Expected Results:
The expected outcomes of this project include: (1) increased financing for impact-focused businesses and projects in underserved markets of developing and emerging economies, particularly those that lack access to commercial funding; and (2) accelerated replication of blended finance models by fund and asset managers that integrate gender equality and/or impact standards.
Location:
TORONTO, Ontario, CA M5C 2V6
Reference Number:
064-2024-2025-Q4-A0054
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
3203937183499
Recipient Type:
Not-for-profit organization or charity
Additional Information:
Belated reporting.
Recipient's Legal Name:
Convergence Blended Finance Inc.
Federal Riding Name:
Toronto Centre
Federal Riding Number:
35108
Program:
Innovative Finance Program Contributions
Program Purpose:
Programme de financement innovant - Cont