Resonance is pleased to announce that we will be working with the Millennium Challenge Corporation (MCC) to support efforts to operationalize Blended Finance via grant facilities. Resonance will be helping the MCC Finance and Investment (FIT) Team develop new approaches and tools for use in its programs worldwide.
According to Resonance’s Director of Impact Investing, Darren Miao, “Blended Finance has the potential to unlock hundreds of billions of dollars of private capital in support of the Sustainable Development Goals (SDGs). We look forward to supporting MCC in its efforts to be an innovative leader in using Blended Finance.”
Chief Innovation Officer Steve Schmida agrees, “Resonance was founded with the express vision of driving private investment towards achieving development impacts. We are, therefore, thrilled to have the opportunity to support MCC to operationalize Blended Finance in its work around the world.”
What is Blended Finance? See this link for more information.