Awareness of MENA’s broader investment story has grown in recent years, in part as a result of the 27th and 28th Conference of Parties (COP 27 & COP 28) hosted in Egypt and the UAE, respectively. Blended finance in the Middle East and North Africa (MENA) is nascent, with Convergence’s database recording 83 transactions targeting MENA in part or in full, representing aggregate committed financing of $14.2 billion.
In this data brief, Convergence and UICCA, in partnership with HSBC, seek to explore some of the key challenges and opportunities facing blended finance in MENA, presenting insights from interviews conducted with industry stakeholders.
