Grants and Contributions:

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Title:
Convergence Renewed: Advancing Global Blended Finance with Canada’s Support
Agreement Number:
7475224 P017133001
Agreement Value:
$7,000,058.00
Agreement Date:
Mar 20, 2026 - Dec 31, 2030
Description:
This project, P017133, aims to support Convergence to strengthen and scale the global blended finance ecosystem for increased mobilized private capital towards sustainable development and poverty reduction in emerging markets and developing economies. It will do so through supporting enhanced data transparency and benchmarking activities, expand capacity building activities, ensure regional representation, and strengthen policy engagement and thought leadership on blended finance. In turn, these activities will contribute to a more enabling environment for private investments in emerging economies by lowering barriers to entry, more standardized approaches across actors, and increase the supply of high-quality, investible opportunities.
Organization:
Global Affairs Canada
Expected Results:

The expected outcomes of this project include:(1) increased application of efficient and effective blended finance practices by global market actors, informed by Convergence’s guidance, data, and market insights; (2) enhanced capacity and strategic collaboration among public, private, and philanthropic actors in the blended finance ecosystem, including the integration of gender-responsive blended finance approaches; and (3) increased capital mobilization toward SDG-aligned blended finance structures, including gender-responsive, standardized, replicable, and scalable models that meet private investor requirements and support inclusive, climate-aligned development outcomes.

Location:
TORONTO, Ontario, CA
Reference Number:
064-2025-2026-Q4-0232
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
Not-for-profit organization or charity
Recipient's Legal Name:
Convergence Blended Finance Inc.
Program:
International Development Assistance program
Program Purpose:

The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.