Monday, 20 May 2024 11:13

Blended finance platform to back sustainable projects Featured

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Three major Sri Lankan authorities have banded together to form a blended finance platform where donor assistance is combined with additional private and public financing to leverage funds to back sustainable projects, officials said.

The Sri Lankan Bankers’ Association (SLBA) under its Stainable Banking Initiative (SBI) together with the Sustainable Development Council, and the Ceylon Chamber of Commerce is exploring this concept, officials said.

“The model we are working on is having a pipeline of growth phase companies to fund projects and to bring in donor agencies, impact investors, etc and make a matching platform between these two.

We aim to do a feasibility study on this,” an official source said on Thursday. He said, mixing different forms of capital in support of development is emerging as an important solution to help raise resources for the Sustainable Development Goals in developing countries.

 

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