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Financial services

LBA discusses Blended Finance

7 Jul 2022
Vaduz/Zurich - The Liechtenstein Bankers Association (LBA) sees major potential in the area of Blended Finance for the financial sector. At the LBA’s second webinar on this topic, iGravity AG presented its investment instrument that aims to strengthen sustainability in Africa in a targeted, profitable manner.

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Blended Finance is a combination of conventional investments paired with development aid and philanthropical instruments with the aim of strengthening sustainability in the developing world. The Liechtenstein banking sector has identified “major potential” in the area of Blended Finance, according to Simon Tribelhorn, CEO of the Liechtenstein Bankers Association (LBA), who was speaking at the association’s second webinar on this topic on July 7, 2022. He also stated that interest in Blended Finance is growing.

At the webinar, iGravity AG presented its Blended Finance concept. Founded in 2017, the Zurich-based firm develops investment products with which investors can invest in companies based in developing countries. These investment products bear interest. In the process donations from philanthropic investors are used to ensure profitability when needed, as Gabriel Landau, COO of iGravity, explained in the webinar.

The investments are made via a digital platform. As part of this “Charm Impact”, a total of 1.52 million pounds sterling (1.77 million Swiss francs) has already been invested in 23 projects in seven countries. Investments are made in the form of loans to companies. These range from 10,000 to 350,000 pounds and have a term of up to two years. They are used for renewable energy production and clean cooking, among other aspects. Investors can track the impact of their investments through the platform.

The LBA will continue its series of webinars on the topic of Blended Finance. The next edition, scheduled for after the summer holidays, will focus on the role of banks in this area.