11 May 2022 | The Global Blended Finance Alliance for Planetary Health and Digital Inclusion on the Road to G20

A roundtable discussion with the President of the Republic of Indonesia Joko Widodo and Coordinating Minister for Maritime and Investment Affairs Luhut B. Panjaitan.

The Global Blended Finance Alliance

As Indonesia assumes presidency of G20 this year, President Joko Widodo has called for a new multilateral – the Global Blended Finance Alliance – inviting countries, financiers, philanthropy and tri sector partners to collaborate to crowd in private sector capital for solving urgent climate, health and SDGs. Six function areas envisaged include policy, finance and enterprise labs, capacity building and sharing practices and lessons of development, SDG marketplace with transparent and traceable data platform. As a G20 emerging country with track record on partnerships for blended finance, Global BFA looks to play a role in bridging the gaping SDGs finance gap. BFA is not envisioned as a financing entity but an aligner, prototype platform and voice of development to leverage on the founding member countries, strengths of the multi stakeholder partners enabling system shift outcomes in Indonesia, the region, island states, and the development world.

The Tri Hita Karana Forum

THK Forum is a trisector initiative co-organized by the United in Diversity Foundation with International Chamber of Commerce, UN Sustainable Development Solutions Network, BSDC Global Blended Finance Taskforce under the honorary patronage and support of the Government of Indonesia. THK Forum global and local partners hail from governments, multilaterals, businesses, philanthropy, academia, civil society and influential networks for climate and the SDGs.

THK Forum co-hosted the Climate Forum with the United States Government and launched the THK Investors Unite in Diversity in collaboration with the Monetary Authority of Singapore.

THK Strategic partners OECD, WEF, Governments of Canada and Japan played key roles in bringing Blended Finance into the G20 Leaders Communique in Osaka and preparing the Tri Hita Karana Roadmap on and OECD DAC principles on Blended Finance.

In 2018, The THK Forum, which took place during the IMF-World Bank Meetings in Bali, mobilized a record $10bil in Blended Finance and SDGs commitments. This included the setting up of SDG Indonesia One, the first country-based Blended Finance green infrastructure platforms under the Ministry of Finance.

This year with the G20 presidency, and leading up to ASEAN 2023, the THK Forum is preparing outcomes on Blended Billions for Planetary Health, Energy Transition, Blue Halo S, Natural Capital Communities Carbon marketplace, Tropical Forests Alliance, Food and Land use, $30Bil Health of Nations Fund, Plastics Circular Economy, EV transport, Education, Rising Women and more exciting initiatives.