Blended finance is an emerging area of doing finance. I would argue it is more enduring for the next level of folks when they graduate out of that poverty strata at the bottom of the pyramid level. It's a tool that allows them to stay above that and also to leverage a lot of private sector capital by de-risking various projects and deals, making liquid cash or investment capital available to them.
On December 1st, 2020. See this statement in context.