British International Investment Makes First Investment in Development Impact Bonds
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced a $10 million commitment to the SDG Outcomes Fund as an anchor investor alongside the US International Development Finance Corporation (DFC). Both DFIs will support the first fund dedicated to development impact bonds in lower and middle-income countries globally, including Africa and South Asia.
Photo courtesy of Dominic Chavez/World Bank.
Source: Vanguard (link opens in a new window)
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