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UN Announces New CEO Alliance to Fund Sustainability
It announced the Global Investors for Sustainable Development (GISD), a new alliance of chief executives coordinated by UNCTAD and the UN’s Department of Economic and Social Affairs (UN DESA), at the UN’s SDG Investment Fair in New York on April 15.
- Categories
- Investing
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From Critic to Cheerleader — David Malpass’ First Week at the World Bank
Addressing staff — and then later members of the press — Malpass appeared at pains to show he has little appetite for the kind of organizational shake-up former president Jim Kim undertook early in his first term. Instead, Malpass littered his remarks with references to the bank’s “twin goals” and liberally praised staff and his leadership team.
- Categories
- Finance
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Press release: Aligned Intermediary awarded grant to support Climate Finance Partnership
The consortium has jointly committed to develop a flagship blended private infrastructure equity fund for climate infrastructure projects and companies in emerging markets. The fund aims to be one of the biggest blended vehicles to-date targeting climate-related investments in developing countries.
- Categories
- Investing
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Press release: OPIC announces investing milestone as portfolio for impact reaches $100 million in commitments
OPIC, the U.S. Government’s development finance institution, first launched Portfolio for Impact (PI) in 2014 as pilot program to support promising impact investments that might struggle to raise capital because they are small or early-stage. Since that initial launch, OPIC has committed more than $100 million across 22 projects that are supporting small farmers and small businesses in emerging markets, and expanding access to food, education, healthcare, technology, financial services and clean water.
- Categories
- Investing
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Development-bank climate funds seek new dollars, as competition heats up
The $8.3-billion Climate Investment Funds (CIF), currently the world’s largest multilateral climate financing instrument, help developing states pursue low-carbon development that protects them better from wilder weather and rising seas.
- Categories
- Environment, Finance, Investing
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OPIC commits $8 million to support small farmer microlending in Myanmar
Proximity Finance, which designs its loans to meet the particular needs of smallholder farmers, is the microfinance arm of Proximity Designs, a social enterprise dedicated to serving Myanmar’s rural families.
- Categories
- Agriculture, Finance
- Region
- Asia Pacific
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The Key to Financing the SDGs: UN Task Force Seeks New Ideas for Digital Finance – Here’s How You Can Contribute
Most people know about the gap in financing the Sustainable Development Goals – estimated at around US $2.5 trillion per year. Yet few people seem to know what to do about it. According to Tillman Bruett, Secretariat Director for the UN Secretary-General’s Task Force on the Digital Financing of the SDGs, solving this problem will require creative new financing models – and the digital revolution may provide the answer. He discusses the UN's new call for ideas about how digital finance can help fund the SDGs – and invites all interested parties to respond.
- Categories
- Finance
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How Can Fintech Serve the Poor? A Q&A with CGAP CEO Greta Bull
As fintech innovation transforms the financial sphere, what are the implications for low-income and unbanked individuals? Greta Bull, CEO of CGAP, explored this question in a widely read essay earlier this year, and NextBillion followed up to get a deeper sense of her views on fintech's potential (and practical) impact. Her thoughts offer an important barometer of an organization and an industry in transition, as the tech revolution continues to reshape financial inclusion.
- Categories
- Finance
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