Development finance

Asean needs track record in returns from ESG projects to attract private capital

UK impact investor says incentives for going into emerging markets are being strained by high interest rates

The agricultural sector could be a gateway for philanthropies to play a bigger role towards decarbonisation of the economy.

Differing funding objectives an obstacle to mobilising more philanthropic capital in blended finance

Overall misalignment in funding objectives means that philanthropic capital has been relatively untapped in South-east Asia

For some 80 years, the United States spent more on humanitarian assistance, economic development programmes, and other types of foreign aid than any other government.
PERSPECTIVE

Foreign aid looks good now that it’s gone

The assistance programmes that the Trump administration has frantically slashed and defunded since January were often life-saving, high-return projects

Funds mobilised the most blended finance capital in 2024, Convergence data shows.
ESG INSIGHTS

Issue 149: Funds take lion’s share of global blended finance volumes; Singapore upgrades sustainability reporting training syllabus

This week in ESG: Blended finance at critical crossroads, says Convergence; accounting regulator publishes guide for sustainability reporting trainers

The huge shortfall in climate finance at COP29, coupled with unfinished details on how the rest of the money is to be mobilised, leaves emerging markets facing the daunting task of having to undertake system-wide energy transition efforts.
HOCK LOCK SIEW

Blended finance not a silver bullet to solving the climate financing gap

Ultimately, the right enabling environment through policy support is the crux that will attract private capital

The global value of climate blended finance deals doubled to US$11 billion in 2023, based on Convergence data.
ESG INSIGHTS

Issue 118: Convergence S-E Asia lead – Regulators should get hands dirty, build sandboxes to grow blended finance

This week in ESG: Convergence’s Ritesh Thakkar shares a blended finance must-do list for South-east Asia.

Developing nations, including Indonesia (above), contribute half of global gross domestic product, yet only attract a fraction of the US$220 trillion of global capital due to high perceived risks and other market inefficiencies.

Blended finance driving capital to emerging markets

THE Indonesian and Malaysian governments, and the recently established Singapore Sustainable Finance Association, have made blended finance a key priority, recognising its potential as a powerful tool...

GoTo, the largest digital ecosystem in Indonesia – where 97 million adults are unbanked – is driving financial inclusion.
THE BOTTOM LINE

Bridging the digital divide in Asia-Pacific

Catalysing robust funding is key to helping the region fully participate in the digital economy

City Developments stock slipped 2.2 per cent after MSCI said it would be dropped from the Singapore index.
ESG INSIGHTS

Issue 100: Lost MSCI, still got ESG; a mixed bag for Asia’s blended finance in 2023

In this issue: A place on sustainability indices could soften the blow of deletion from regular benchmarks, while the region loses ground in some sectors of blended finance.

A worker collecting sand for construction from the Ubangi River in the Central African Republic. It is a risky job that involves diving deep into the river, without an oxygen tank. The poorer half of the world deserves opportunities to better their lives, says the writer.

Raiding development funding for climate

The data does not support using scarce development resources to tackle climate issues ahead of poverty-related ills