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Avoiding the Great Divergence: How Community Investment Trusts Could Help Developing Countries Recover from COVID-19 and Achieve the SDGs
As the global economy gradually recovers from COVID-19, some fear the world is heading towards a “Great Divergence,” in which the recovery gathers momentum in richer countries while leaving developing countries behind. To avoid this outcome, emerging economies will need a surge of investment. To that end, Norman A. Bailey at The City University of New York and Alfred Watkins at the Global Solutions Summit explore why Community Investment Trusts provide an innovative model to finance pandemic recovery while building a foundation for sustainable growth.
- Categories
- Coronavirus, Investing, Social Enterprise
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Press Release: International Collaboration of Development Finance Organizations Agree on New Steps to Increase the Resilience of Economies Threatened by the Climate Emergency
The Group of G7 Development Finance Institutions working together under the DFIs+ Adaptation and Resilience Collaborative has put forward a practical plan to the G7 on actions to accelerate investments in adaptation and resilience.
- Categories
- Environment, Finance
- Region
- Global
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Elbow to Elbow: Convening Donors and Practitioners to Optimize Blended Finance for African Agriculture
Official development assistance isn't enough to bridge the SDG financing gap, or to unlock the growth and impact potential of African agricultural enterprises. Blended finance is often cited as a solution, but according to Brian Milder of Aceli Africa, it's falling short both in terms of impact and private capital mobilized. He explains the reasons for these limitations, and examines the perspectives of both donors and lenders to show how catalytic capital can be leveraged more effectively.
- Categories
- Agriculture, Investing
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Press Release: Convergence Awards Design Funding to Accelerate Sustainable Forestry and Ecosystem Restoration in Indonesia
Blended finance network Convergence awards a feasibility study grant to PT. Kandelia Alam (KLIA) to explore a blended finance solution in Indonesia focused on Sustainable Development Goal (SDG) 15 – Life on Land.
- Categories
- Environment
- Region
- South Asia
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Press Release: Missio Invest Secures $20 Million Anchor Investment from U.S. International Development Finance Corporation
Loan Facility to Support Initiatives Addressing Food Security, Financial Inclusion, and Health and Education Outreach in Sub-Saharan Africa
- Categories
- Agriculture, Education, Health Care, Investing
- Region
- Sub-Saharan Africa
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Press Release: DFC Approves New Investments to Advance Sustainable Economic Development, Respond to COVID-19, and Advance Gender Equity
The U.S. International Development Finance Corporation (DFC) Board of Directors at its quarterly meeting approved a $300 million investment that will advance inclusive economic development in Brazil. DFC approved 19 other sub-Board investments totaling nearly $350 million since its last quarterly Board meeting in December, advancing a total of $650 million in investments to support development impact, respond to the impacts of COVID-19, increase renewable energy and strengthen gender equity around the world.
- Categories
- Investing
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Insurance in the Age of COVID-19: The Pandemic Highlights the Need for a New Approach
With much of the world on lockdown due to COVID-19, many businesses are closing down – either temporarily or permanently – with devastating effects on individual welfare and entire economies. This has amplified the importance of insurance, says Kate Rinehart-Smit at Cenfri. She explores how the sector can make a greater impact – not only on the resilience of businesses and individuals, but on broader economic development.
- Categories
- Coronavirus, Finance
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Healthcare Cannot Exist Without Clean Water: Why WASH is the Foundation of an Effective Pandemic Response
Hospital beds and masks are often seen as the basic elements of defense against COVID-19. Yet for many developing countries, the pandemic has exposed even more fundamental disease prevention needs – namely, clean water and sanitation. Nafisa Jiwani at U.S. International Development Finance Corporation (DFC) discusses the vital role WASH plays in combating the pandemic, and how DFC is supporting water and sanitation efforts around the world.
- Categories
- Coronavirus, Health Care, Investing, WASH