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3. How can the so-called innovation ecosystems (e.g. NGO’s, UN agencies, social enterprises, international financial institutions, research organizations) efforts to scale? A. To overcome the lack of bankable projects, we discussed that science and innovation can be used for de-risking blended finance structures and delivering efficient, effective and transformative technical assistance at a pre-investment stage. This is needed to prioritize deal flow to help investors understand the risks and implement those strategies needed in terms of adaptation. To ensure impact at scale, specialized pe
... Подробнееople need support and work closely with the local ecosystem to create trust and get them to take the last mile, such as financial intermediaries, regional and local banks. Those are the ones supporting small-scale farmers and have trust within. This requires simplified tools to measure and assist on local scale. What is measured gets done; for which ways to measure natural capital and ecosystem benefits must be standardized to overcome the challenge of true pricing and reaching scale. We need to find simple measures for the different facets that are very context specific to examine the kinds of impacts achieved and measurements that have been adopted. B. In order to address the lack of evidence on the environmental and social impact of different blended instruments, different actors, such as the CGIAR Commission, should leverage evidence of the impact of different investment models on sustainable agricultural intensification. Research by SAFIN/Convergence should call to action to donors to focus more resources around four types of blended models that are designed to combine scale of financial mobilization and scale of development impact. Agreement among donors to streamline requirements for concessional capital to be used in blended structures in the sector and/or to use concessional capital more catalytically (more early stage, more high-risk tolerant uses). Financial institutions must structure properly from the very beginning on to avoid wrong incentives. C. There is a need to demystify markets of financial product offerings and bring more transparency to navigate the cluster offerings in the blended finance market. This can be achieved by blending actors in the innovation ecosystem by not only formal partnership arrangements in the set-up of blended structures but also, and most important, narratives and other tools to bridge expectations, languages, understandings and ways of working. Alignment between actors is crucial in overcoming the lack of shared understanding about the main financial gaps and the lack of consensus around the best fit between type of blended solution and specific uses or market situations. In order to be able to optimize the use of finance, it is essential we fix markets and the unstructured, fragmented value chains. The structures and products are too complex for investment opportunities and require process simplification and mainstreaming the sharing of information. D. Between a variety of stakeholders, there is a sheer magnitude of capacity gaps, both financial and non-financial. It is essential to build up capacity at the institutional level to ensure investment possibilities and opportunities are identified and lead to the kind of transformative impact that is needed. Institutional innovation, particularly around inclusive governance of blended finance transactions, needs to focus not only on the “hard” side of science but also on social and governance issues. Скрыть
Направления деятельности: 1, 3, 4
Ключевые слова: Data & Evidence, Environment and Climate, Finance, Governance, Innovation, Policy