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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.
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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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