|Blended finance will contribute to faster economic growth, but to achieve this it is vital to get donors into alignment.||Martin WOLF||Chief Economics Commentator, FINANCIAL TIMES|
|The private sector recognises that donors need an effective framework in order to take blended finance forward to the next level, these Principles provide the step in that direction, which now needs to be taken.||Julia PRESCOT||Head of Strategy, MERIDIAM|
|The OECD DAC Principles are another important step forward to align the international community, and especially, the key development participants, around mobilizing the funding that can help deliver the SDGs.||H.E. LUHUT PANJAITAN||Coordinating Minister for Maritime Affairs,
REPUBLIC OF INDONESIA
Blended finance is the strategic use of development finance for the mobilisation of additional finance towards sustainable development in developing countries.
OECD is currently working on more detailed guidance for policy makers to support the implementation of these Principles. The guidance will provide best practice examples, support the development of effective policies and facilitate accountability. The OECD blended finance work aims to further deepen the analysis of blended finance practices, with a practical orientation on performance, and focus on developmental and financial metrics.
Work on blended finance stands to benefit substantially from further analysis and guidance on issues such as effectively targeting economies and sectors that ensure blending delivers on its potential to mobilise capital, deliver impact and transform economies. To achieve this, greater transparency is needed both for blended finance and other development interventions – e.g. common and harmonised results frameworks, performance measurement and product standards.
The Blended Finance Principles will be further used to inform our key partners such as the UN, EU and World Economic Forum in progressing blended finance best practices, as well as through forums such as the G20 and G7. We therefore look forward to further engaging with key stakeholders in order to deliver the SDGs.