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The Global Aid Industry is Repeating the Mistakes that Caused the 2008 Financial Crisis: A Warning from a Former Leader at Lehman Brothers
In 2008, the failure of a single institution, Lehman Brothers, triggered a global financial crisis — not because of Lehman alone, but because of the unseen interdependencies that held the world’s financial system together. According to David Davies at AgUnity, a leader at Lehman Brothers during the 2008 crisis, America is in the process of making the same catastrophic mistake in global aid. He explains why the collapse of USAID threatens to bring down the deeply interconnected global aid system, impacting hundreds of millions of people — and urges private foundations, philanthropists and impact investors to step up.
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EU Mounts Major Retreat From ESG Agenda Amid Fierce Backlash
The development has major implications for the future of ESG globally, with Europe accounting for well over 80% of the world’s ESG fund assets.
- Categories
- Energy, Environment, Investing
- Region
- Global
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Countries Make Fresh Attempt at $200 Billion Nature Finance Deal
Among the stickiest questions to answer is how to get richer countries in Europe and elsewhere to pay up to help their poorer peers.
- Categories
- Environment, Investing
- Region
- Global
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Summit Africa Launches Private Equity Fund II With US $20 Million Anchor Commitment From British International Investment, Supporting Businesses in South Africa and the Southern African Region
The fund will drive financial and digital inclusion, job creation, diversity, and food security as a new sector, through investment in small-to-mid market companies.
- Categories
- Investing
- Region
- Global
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BII, Swedfund and Norfund Invest $85 Million in AgDevCo to Support Agribusinesses in Africa
The funding aims at support high-impact agribusinesses to increase productivity and improve food security in rural areas.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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EIB Invests $15.8 Million in New IPAE 3 Fund to Support Entrepreneurship in West Africa, Madagascar
It is expected to create over 4,000 direct jobs, at least 40 per cent of which will be for women. The fund will also be fully aligned with the criteria of the 2X Challenge supporting women entrepreneurs.
- Categories
- Agriculture, Health Care, Investing
- Region
- Global
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EU Says It ‘Cannot Fill’ USAID Funding Gap as Africa Seeks Solutions
The US is the largest single aid donor in the world, disbursing some $72 billion in assistance in 2023, much of it through the US Agency for International Development (USAID).
- Categories
- Health Care, Investing
- Region
- Sub-Saharan Africa
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Norway Announces $855 Million Funding for Humanitarian NGOs Amid Trump’s Dismantling of USAID
Norway said on Monday it would sign multi-year funding agreements with six humanitarian NGOs, several of which were hit by the sudden freeze in practically all US aid spending.
- Categories
- Investing
- Region
- Global
- Tags
- human rights, NGOs
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