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With the 2030 SDGs Looming, the Public and Private Sectors Team Up for Global Health
Global health funding is no longer the sole purview of local governments and international donors. Despite large contributions (nearly $8 trillion in 2013) from traditional donors, there is still a critical funding gap of $2.5 trillion annually – in developing countries alone – to achieve the U.N.'s 2030 Sustainable Development Goals. Fortunately, public and private actors are teaming up to close that gap. Rachel Fowler of USAID discusses some intriguing examples, including a first-of-its-kind development impact bond aiming to reduce maternal and newborn deaths in Rajasthan, India.
- Categories
- Health Care, Investing
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This Impact Investing Platform Was Set To Be A Game-Changer. So Why Did It Fail?
In order to scale, impact investing needs a platform that will make it easier for investors to connect with vehicles for their funds. ImpactUs promised to do that–but its failure shows that the space wasn’t quite as ripe for innovation as its founders had hoped.
- Categories
- Investing, Technology
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Asian Development Bank Bolsters Microfinance Program with $100 Million in Additional Financing
“Giving small businesses and entrepreneurs access to finance is one proven tool to improve livelihoods and reduce poverty,” said Sabine Spohn, Senior Investment Specialist in ADB’s Private Sector Operations Department.
- Categories
- Investing
- Region
- Asia Pacific
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Blended Finance Gets a $500 Million Boost: Convergence CEO Discusses Groundbreaking Partnership with IFC
US $2.5 trillion: That’s the estimated funding gap the world needs to close in order to achieve the Sustainable Development Goals. To achieve this daunting goal, says Convergence CEO Joan Larrea, “We need to tap into new sources of capital, particularly from private investors” – a goal Convergence advances by connecting, educating and supporting investors to execute blended finance transactions. This approach recently got a half billion dollar shot in the arm; our interview with Larrea reveals how.
- Categories
- Health Care, Investing
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Rwanda: renewables sector receives $50m investment
Rwanda's renewable energy sector has received a $50 million injection to be distributed through the Development Bank of Rwanda (BRD).
- Region
- Sub-Saharan Africa
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Aavishkaar raises $95 million in first close of largest impact investment fund
The firm intends to raise $200 million for the fund, which will make it the largest impact investment fund raised by a homegrown asset manager. Aavishkaar expects to achieve the final close of the fund in the next 12-18 months, said Rai.
- Categories
- Investing
- Region
- South Asia
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