On 30 June, the Permanent Mission of the Republic of Korea to the UN, in partnership with UN DESA/FSDO, the World Bank Group/IFC, and UNCDF, hosted a seminar on mobilizing private capital for sustainable development through blended finance and shared practical examples from each institution.
In his opening remarks, Ambassador Jihoon Cha, Permanent Representative of the Republic of Korea to the UN, stressed that blended finance should be more widely understood and used by diverse development actors and private investors as a practical tool to mobilize private capital for sustainable development.