Thursday
January 19
2017

George Soros, Mastercard to Partner to Aid Migrants, Refugees

Billionaire investor George Soros will partner with Mastercard Inc on a venture they said could help migrants, refugees and others struggling within their communities worldwide to improve their economic and social status.

The partnership, Humanity Ventures, stems from a pledge Soros made in September to earmark up to $500 million for investments to address challenges facing migrants and refugees.

In a joint statement on Thursday, Mastercard and Soros said that despite billions of dollars of humanitarian and development assistance, millions of people remain marginalized, a situation the private sector can help rectify.

“Migrants are often forced into lives of despair in their host communities because they cannot gain access to financial, healthcare and government services,” Soros said.

 

Source: Reuters (link opens in a new window)

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Impact Assessment
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social impact