Developed by Convergence in collaboration with HIFHUB, the brief is designed for a range of stakeholders including humanitarian agencies, donors, DFIs, and investment partners. It incorporates data analysis from Convergence Market Data, a survey of existing publications and reports on humanitarian blended finance and innovative finance, and consultations with sector experts.
It builds on the findings of a data brief on Blended Finance in Fragile and Conflict-affected Situations (FCS) published in March 2025 by Convergence. The March brief analysed 54 blended finance transactions from Convergence Market Data, alongside interviews with industry stakeholders, to examine key market trends and highlight the challenges and opportunities associated with deploying blended finance in countries classified as FCS.
Find the March 2025 data brief here.

