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World Bank issues first-ever poverty bond, gets $1.5 billion
The World Bank’s International Development Association (IDA) launched the world’s first poverty bond this week, a debt offering representatives say is designed to lift up the poor, and global investors literally couldn’t get enough.
- Categories
- Investing
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Viewpoint: No Blank Check for Development Banks
The kind of large-scale, sustainable infrastructure projects needed to forestall catastrophic climate change are rarely attractive investments for the private sector or even most governments. That means development banks have a crucial role to play, so long as they put the climate first.
- Categories
- Environment
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Inter-American Development Bank Publishes Report on Fintech Sandboxes
According to the IDB report, Fintech has been gaining strength throughout the Latin American and Caribbean region.
- Categories
- Finance
- Region
- Latin America
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Press release: Three leading development finance institutions sign loan agreement to support capital markets and high impact sectors in Africa
Overseas Private Investment Corporation (OPIC), the African Development Bank (AfDB) and ALCB Fund Board Members today signed a loan agreement to support high impact sectors in Africa focusing on housing, agriculture and SMEs.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Asian Development Bank Report Looks at Impact of Digital Technologies on Remittances
Governments and international organisations can help create an enabling environment in digital finance to improve the remittance process and also have positive externalities such as financial inclusion.
- Categories
- Finance
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Islamic Development Bank looks to expand its support of innovation and entrepreneurship
The Islamic Development Bank annual meetings are underway this week in Tunisia, and one of the themes being discussed is social innovation.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Viewpoint: The new US DFI deserves the development community’s support. Here’s why.
Right now, there are budding entrepreneurs and innovators in developing countries with ideas that could help lift their communities out of poverty, improve health and education outcomes, and create sustainable economic development. They may be focused on how to raise smaller holder farmers’ income, or creating a ride-hailing app that ensures a safe taxi ride, or developing software that makes it easier for business to comply with local tax regulations.
- Region
- North America
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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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