WEBVTT

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So MDBs and DFIs have a certain level of
trust by virtue of who owns them and how

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they were created.

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And they are a neutral party in between
the public sector and the private sector.

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And as a result,
I think they have the capacity to help us

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deliver in development finance and
blended finance in ways that we haven't

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thought of in the past.

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Stephanie,
thank you so much for joining us.

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Why are development finance institutions
so critical to scaling blended finance?

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We have to crawl, then we have to walk,
and then we have to run.

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Development finance institutions can
actually help us go from crawling to

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walking a lot faster.

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They have boots on the ground,
they understand the environments,

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and they can take their various skill
sets and put them to work in ways that

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the private sector typically can't.

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So the best example that I can give you
is thinking about scale and whether or

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not they can create platforms.

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When I was at the World Bank Group,
we created something called Scaling Solar,

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which was a model that would go into a
country,

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help the government with the policy and
regulatory environment,

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help find the land,
and then create documents that were both

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documents to be bid on

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and then documents for the financing that
were standardized,

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so that investors from all over the
world—and the best investors in the

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world—would come in and invest in solar.

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We started in Zambia and went through
Africa and into Central and Eastern

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Europe,
and by the time we got to Central Asia,

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we were down at like one-and-a-half cents
a kilowatt-hour.

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So an incredible way to use their
convening power, their knowledge,

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to scale.

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What is the role of trust and credibility
in all this?

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So MDBs and DFIs have a certain level of
trust by virtue of who owns them and how

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they were created.

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And they are a neutral party in between
the public sector and the private sector.

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And as a result,
I think they have the capacity to help us

8f4a30f0-cdc4-43f1-9318-6731e86c5142-1
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deliver in development finance and
blended finance in ways that we haven't

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thought of in the past.

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So one of the things we've been hearing a
lot about is how do we get high-net-worth

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individuals and family offices into the
blended finance space?

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Many of them are interested,
but they're interested in very small

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bites at the apple,
kind of sticking their toes in the water

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and figuring out,
does this actually match my philanthropic

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desires,

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is this something I really want to do—

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and it's complicated.
Using the MDBs and their ability to

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amalgamate those kinds of funds under one
umbrella—with the very distinct we can

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implement, we can monitor,
and we can measure with the level of

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trust that other people wouldn't have—

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I think is a super interesting way to use
them to build out different models for

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blended finance.

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Thank you so much.