How can blended finance can close the financial gap needed to meet Sustainable Development Goal (SDG) 6?
|Title||Blended finance [podcast]|
|Year of Publication||2017|
|Secondary Title||WASH Talk|
|Pagination||podcast (35 min : 59 sec)|
|Place Published||The Hague, The Netherlands|
In this seventh episode of IRC's podcast series WASH Talk, hosts Andy Narracott and Patrick Moriarty ask Sophie Trémolet of the World Bank how blended finance can close the financial gap needed to meet Sustainable Development Goal (SDG) 6. The gap is an estimated US$ 114 billion per year for construction and 1.5 times that amount for maintenance. In the podcast she explains to a non-economist audience what the challenges and opportunities are when using blended finance.
When the World Bank refers to blended finance, they mean the smart use of grant funding and concessional (low interest rate, long repayment period) finance to mobilise private (household or commercial) capital. Mrs Trémolet gives examples of the groundwork needed to make blended finance work and the smart strategies and tools available to leverage private finance. She gives tips for engaging with the Ministry of Finance and the financial sector. She warns utilities about the risks of foreign concessional financing.