‘Frontier Finance’ Is Scaling up to Achieve United Nations Goals
By Ben Piven
In advance of the United Nations General Assembly that begins later this month, a new report released on Wednesday details the present shortcomings and future opportunities in “frontier finance“.
That area of impact investment seeks to attract funding for projects consistent with the UN’s Sustainable Development Goals (SDGs).
Published by the Global Impact Investing Network (GIIN), the report is the first of its kind to study the financing for efforts to improve the lives of low- to lower-middle-income people in emerging and frontier markets. And it identifies ways to scale the market to reach ambitious targets.
“Achieving the Sustainable Development Goals will require investing to go into areas where it has not historically gone,” said Amit Bouri, CEO of the GIIN.