At COP27 in Egypt, the Network for Greening the Financial System (NGFS) has launched a new initiative to raise awareness of the effectiveness of blended finance among central banks and supervisors. Co-led by the Monetary Authority of Singapore (MAS) and De Nederlandsche Bank (DNB), the initiative will focus on helping NGFS members overcome potential regulatory and implementation obstacles, developing a ‘Blended Finance Handbook’ that will complement other new guidance, such as the ‘Sharm El Sheikh Guidebook for Just Financing’ launched by the Egyptian Presidency at the climate summit’s Finance Day. The NGFS handbook, which will be developed in collaboration with the International Monetary Fund (IMF), aims to provide members with practical guidance on scaling up blended finance vehicles in emerging markets and will be completed by COP28 in Dubai. The initiative will further facilitate some “demonstrative projects” to deploy innovative financing instruments, attract a broader range of private investors, and leverage the risk-absorption capacity of multilateral development banks.
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— Network for Greening the Financial System (@NGFS_) November 9, 2022