// definition
Blended finance
Combining concessional and commercial capital
Short definition
A structure that brings public or philanthropic capital together with commercial investors to finance a development objective. In the IEA–Convergence framework, concessional providers accept terms that absorb, share or mitigate particular risks. Creditor priority, guarantees and pricing determine how risks and income are allocated.
risk atlas
Knowledge map
Related analyses
- Energy transition: who absorbs the first loss?Loss priority, guarantees, the value of public support and additionality.