Financiación del desarrollo en el marco del blending

José Luis Curbelo
Resumen

El artículo analiza la brecha de bancabilidad de aquellos proyectos de inversión con participación del sector privado que tienen un impacto relevante en las denominadas Agendas de Sostenibilidad y Financiación del Desarrollo. Se reflexiona sobre los fallos de mercado que impiden el flujo de inversión privada hacia proyectos «con impacto» utilizando como parámetros: i) el nivel de desarrollo y solidez institucional y regulatoria de los países receptores; y ii) las tecnologías y modelos de negocio necesarios para el funcionamiento operativa y financieramente eficiente de las iniciativas de inversión. Se argumenta que una parte importante de la brecha de bancabilidad de los proyectos privados puede ser cubierta con inversión pública subsidiaria de la inversión privada mediante el uso de la financiación combinada o blended finance.

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Palabras clave:
blended finance, financiación combinada, brecha de bancabilidad, sector privado, instituciones financieras de desarrollo
Citas

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