Country members and long-term partnerships are key to the G20 Bali GBFA’s initiatives to scale blended finance transactions for climate actions and the SDGs at country-level for the Global South. The G20 Bali GBFA partners with governments, private sectors, and civil society to create synergies and complementarity in the development of innovative fit-for-purpose solutions, sharing of knowledge and country lessons to advance the inclusive and sustainable growth agenda for the developing countries.
The participation of international and non-government organizations, philanthropic entities, foundations and private sector in the G20 Bali GBFA is important as the tripartite partnership of public-philanthropic-private sector is essential in financing the SDGs and climate transition projects, and foundational for the effectiveness of the G20 Bali GBFA operations.
The purpose of the G20 Bali GBFA is to promote the efforts to achieve the objectives of sustainable development of developing countries, including the least developed countries and the small island developing states, through the implementation of blended finance as defined in the G20 Blended Finance Principles. The G20 Bali GBFA is an international organization with its headquarters in Bali and which member countries can join on a voluntary basis.