Advancing SDGs through financial innovation

Baastel conducted a formative evaluation of the Supporting Blended Finance project, a pioneering initiative to address financial barriers to the UN Sustainable Development Goals (SDGs) by 2030. The approach blends public and private investment to finance projects across sectors, including economic development, climate action, and gender equality.

Scope of work

Baastel’s evaluation focused on assessing the project’s integration of gender equality and financial sustainability. Key activities included:

  • Review of key project documents
  • Development of a structured work plan
  • Conducting key informant interviews and online surveys
  • Analyzing progress and impact

 

Findings and recommendations

The evaluation highlighted the project’s innovative use of blended finance to address critical financing gaps for the SDGs:

  • The model’s effectiveness in attracting private sector investment with potential returns
  • The prioritization of gender equality as a core objective
  • The scalability of blended finance to unlock resources for high-impact and sustainable projects

 

To maximize impact, the evaluation recommended to:

  • Strengthen mechanisms for tracking and reporting gender results
  • Develop clear guidelines for the strategic use of blended finance
  • Improve collaboration between public and private stakeholders to ensure alignment with SDG targets

 

About the Supporting Blended Finance Project

The Supporting Blended Finance project aims to bridge the financing gap for the Sustainable Development Goals (SDGs) by leveraging capital from multiple sources, including the private and philanthropic sectors. It focuses on increasing access to innovative blended finance products and building the capacity of stakeholders to design and implement effective blended finance models. As of March 2024, the project has achieved significant goals by hosting 70 training and engagement events with 2,500 practitioners, producing extensive analytical reports, and awarding 66 grants worth $17 million to scale innovative finance initiatives globally.

 

Related Service(s)

Related Impact Area(s)

Summary:

Project Timespan

2024

Country

Global

Categories

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Client

Global Affairs Canada

Documents

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