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Press release: IDB Invest provides loan to Mundo Mujer, the largest private microfinance bank in Colombia
The financing allows Banco Mundo Mujer to increase its loan portfolio to support communities with easy and quick access to working capital, strengthening its businesses and productive units.
- Categories
- Finance
- Region
- Latin America
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Viewpoint: Secure the Caribbean — with a modest addition to the BUILD Act
The BUILD Act’s passage was rightly cheered, with one analysis calling it “the most important piece of U.S. soft power legislation in more than a decade.” The BUILD Act, however, inadvertently leaves the Caribbean out in the cold. This situation, likely unintentional, can be easily remedied with a better understanding of the problem.
- Region
- Latin America
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Viewpoint: Is It Time to Give Up on the World Bank?
The World Bank has simply not been effective enough at what is supposed to be its core task: mobilizing funds for infrastructure investment in poorer countries.
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Jim Yong Kim resigns as World Bank president
Jim Yong Kim has announced he is stepping down as the head of the World Bank, in a move that sent shockwaves through the international aid community.
- Categories
- Finance
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If You Build It, They Will Come: Four Ways Impact Investors Can Boost Ecosystem Development
An entrepreneurial ecosystem isn't just "nice to have" - it's essential, both for a company’s long-term success and for investor performance. Ecosystems have a critical impact on a company’s ability to recruit a capable management team, hire skilled staff, benefit from effective mentorship and source new capital for growth – among many other areas. Dia Martin, Managing Director for Social Enterprise Finance at OPIC charts out some concrete actions investors can take today to build ecosystems for tomorrow.
- Categories
- Investing, Social Enterprise
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Canada finally gets into the development finance game — will it work?
FinDev Canada, Canada’s development finance institution (DFI), was launched earlier this year, and has pledged to invest $300 million over five years. Canada is the last G7 country to create a DFI.
- Categories
- Investing
- Region
- North Africa & Near East
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Multilateral Development Banks agree to align climate change goals
The nine MDBs are: The African Development Bank Group, the Asian Development Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Inter-American Development Bank Group, the Islamic Development Bank, the New Development Bank, and the World Bank Group (World Bank, IFC, MIGA).
- Categories
- Environment, Finance
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Viewpoint: Can the World Bank Redeem Itself?
Development outcomes depend on poor countries’ external economic environment, which is shaped by the policies of the major economies. And when it comes to promoting sound policies, the World Bank has fallen far short in recent decades, exemplified by three major intellectual sins of omission.