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“It’s all about partnerships”
Suzanne Gaboury, Director General of Private Sector Operations at the Asian Development Bank (ADB), on blended finance
![2023_COP28_Suzanne Gaboury.png 2023_COP28_Suzanne Gaboury.png](https://opecfund.org/var/site/storage/images/_aliases/content/5/2/1/5/1785125-1-eng-GB/bee05e9e51a7-2023_COP28_Suzanne-Gaboury.png)
OFQ: What is the ADB doing to promote blended finance and mobilize private sector resources?
Suzanne Gaboury: Blended finance is particularly critical for providing de-risking opportunities to encourage the private sector to invest in climate-related projects. We see this across all tech sectors that we’re involved in - from infrastructure to agribusiness to financial institutions.
The private sector does not like uncertainty, so we aim to create a more certain environment by using the right enabling tools, while also providing opportunities. We bring in blended finance tools to de-risk renewable energy purchase agreements, so that the private sector can afford to join. We take a similar approach with agribusiness to encourage investment from smallholder farmers.
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