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Press Release: DFC Approves New Investments to Advance Sustainable Economic Development, Respond to COVID-19, and Advance Gender Equity
The U.S. International Development Finance Corporation (DFC) Board of Directors at its quarterly meeting approved a $300 million investment that will advance inclusive economic development in Brazil. DFC approved 19 other sub-Board investments totaling nearly $350 million since its last quarterly Board meeting in December, advancing a total of $650 million in investments to support development impact, respond to the impacts of COVID-19, increase renewable energy and strengthen gender equity around the world.
- Categories
- Investing
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Insurance in the Age of COVID-19: The Pandemic Highlights the Need for a New Approach
With much of the world on lockdown due to COVID-19, many businesses are closing down – either temporarily or permanently – with devastating effects on individual welfare and entire economies. This has amplified the importance of insurance, says Kate Rinehart-Smit at Cenfri. She explores how the sector can make a greater impact – not only on the resilience of businesses and individuals, but on broader economic development.
- Categories
- Coronavirus, Finance
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Healthcare Cannot Exist Without Clean Water: Why WASH is the Foundation of an Effective Pandemic Response
Hospital beds and masks are often seen as the basic elements of defense against COVID-19. Yet for many developing countries, the pandemic has exposed even more fundamental disease prevention needs – namely, clean water and sanitation. Nafisa Jiwani at U.S. International Development Finance Corporation (DFC) discusses the vital role WASH plays in combating the pandemic, and how DFC is supporting water and sanitation efforts around the world.
- Categories
- Coronavirus, Health Care, Investing, WASH
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Press Release: DFC Aims to Finance $1 Billion of Private Sector Investment in Honduras
“DFC is proud to support the Honduran people during this time of need around the world,” said Boehler. “We appreciate the Government of Honduras’s commitment to improve the business climate to facilitate investment and look forward to advancing our common goals through collaboration with the private sector. Public-private partnerships are fundamental to the strength of Honduras as a country and to the goals of América Crece.”
- Categories
- Finance
- Region
- Latin America
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GSMA Launches Mobile Money Test Platform
The GSMA launched a mobile money interoperability testing platform (ITP), designed to provide an open, secure environment for operators, financial providers and other stakeholders to trial systems ahead of full deployment.
- Categories
- Finance
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Press Release: 2X Challenge Exceeds Initial Target by Committing and Mobilizing $4.5 Billion in Capital Towards Women’s Economic Empowerment
The 2X Challenge is a multilateral initiative launched during the G7 Charlevoix Summit with the ambitious objective of deploying and mobilizing unprecedented amounts of capital to support projects that empower women as entrepreneurs, as business leaders, as employees and as consumers of products and services that enhance their economic participation.
- Categories
- Investing
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It Takes a Bank to Rebuild a City: JPMorgan, Detroit and the Value of Private Sector Solutions to Urban Decay
Many large U.S. cities have fallen victim to extreme urban decay – and nowhere does this ring truer than in Detroit. But according to Mike Brown at LendEDU, the city is experiencing a turnaround, due in part to a five-year, $150 million investment by JPMorgan Chase. He explores why private sector giants should use their financial might to build upon this success.
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IFAD Makes Landmark Investment in Impact Fund Helping Rural SMEs
In a continuation of its efforts to help small-scale farmers and micro-, small and medium size rural enterprises in developing countries create jobs and increase incomes, the International Fund for Agricultural Development (IFAD) announced today an investment of US$9 million (€8.4 million) into the Agri-Business Capital (ABC) Fund, a blended capital impact fund.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa