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Asian Development Bank approves $50 million for microenterprise development in Bangladesh
For the longer term, the project would develop microenterprise finance operational guidelines for microfinance institutions, including piloting for some partner organisations and a mobile-based financing application.
- Categories
- Finance
- Region
- South Asia
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OPIC commits $50 million to global partnerships’ impact-first development fund
Many of the most inclusive and impactful solutions to poverty are fully sustainable, but not highly profitable. This fund will focus on delivering highly inclusive and highly impactful products and services that commercial markets fail to support.
- Categories
- Investing
- Region
- North America
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Press release: OPIC and Liberty Mutual Insurance Launch $1 Billion Agreement to Catalyze Private Sector Investment in the Developing World
This is OPIC’s first agreement with a U.S. owned insurance company to share credit risk across a global portfolio of new OPIC-originated loans to commercial banks and other non-bank financial institutions.
- Region
- North America
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A Recipe for Change: Can Blended Finance Help Trigger an ‘Impact Revolution’?
There’s a lot of uncertainty about how to mobilize the massive amounts of private capital necessary to achieve the Sustainable Development Goals. One promising possibility, says Christina Moehrle at Roots of Impact, is to explore innovative, “fusion food”-style approaches like blended finance – a growing market with over $100 billion mobilized to date. She explores blended finance’s potential to empower small businesses to reach impact at scale – along with the challenges of aligning both public and private stakeholders around impact.
- Categories
- Investing
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Reality Check: Is China burdening Africa with debt?
The Chinese government is adamant that its economic relationships with African countries are mutually beneficial and rejects suggestions that it is using debt to expand global influence.
- Region
- Sub-Saharan Africa
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Press release: New UNCDF report examines how to get blended finance right in the world’s 47 least developed countries
Presenting the report, UNCDF’s Executive Secretary Judith Karl said: “While turning the ‘billions into trillions’ is essential, it should not just be about quantity, but also about quality and geography. Increased public and private financial flows must be made to work also for the world’s most vulnerable countries and for communities at risk of being left behind. We need to shift the dynamics of how resources are allocated and to come up with better ways of making finance work for poor people.”
- Categories
- Investing
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Chopping Block to Starting Block: How OPIC (Now IDFC) is Writing the Next Chapter in U.S. Development Finance
The Overseas Private Investment Corp. (OPIC) just survived a near death experience. The agency was among the proposed cuts when the Trump administration came into power and began budget negotiations. But with the passage of the BUILD Act, OPIC will transform into the U.S. International Development Finance Corporation, with a new budget and a new set of financial tools. We caught up with David Bohigian, Executive Vice President of OPIC, at SOCAP18 to find out what these changes mean for entrepreneurs and others seeking development finance.
- Categories
- Finance, Investing, Social Enterprise
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Viewpoint: How the US will transform its investment role in Africa with a new $60 billion agency
For at least thirty years, the US’s commercial relationship with Africa has been dominated by resources underground. Oil, gas and minerals account for about half of all US direct investment in Africa. There has been growth in almost every sector of Africa’s economy, but commercial relations with the US have been dominated by US engagement in natural resources.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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