Scaling up the use of innovative finance instruments, such as blended finance, can unlock private sector growth and accelerate the realization of global development goals. In addition, deploying impact finance—intentional investment to generate positive and measurable social and environmental impact alongside a financial return—can enable impact-focused businesses, including pioneering firms in new industries, to benefit from better-targeted capital and/or technical assistance.
Helping Africa-based businesses access suitable capital consistent with their growth models and supply chains while recognizing their role in delivering multiple impacts is essential for advancing a better, working Africa.
At the macro level, delivering infrastructural projects will enable sustainable and inclusive growth. While the international financial sector, alongside Africa’s public and private sectors, plays a vital role in funding projects, much more finance and investment are required from the global public and private sectors to deliver at-scale low-carbon development outcomes in agriculture, transportation, digital, and energy infrastructure, among others.
