Across North America and Europe, international development budgets are being slashed. Development Finance Institutions need to ensure that every dollar invested delivers maximum possible impact. 

Blended finance - where concessionary capital provided by DFIs and others - is used to attract private capital to address acute climate and development needs, is becoming an increasingly important vehicle for doing just that. 

In this episode of the Impact = podcast, we speak to Joan Larrea, the CEO of Convergence, the global network for blended finance, on efforts to accelerate the flow of private capital into emerging markets.