Press release: Citi Foundation And Living Cities Announce Findings From City Accelerator Infrastructure Finance Initiative In Four Major American Cities
"Officials at all levels of government face very real obstacles to taking on the challenges that have the greatest impact on residents' health, social and economic futures," said President and CEO of Living Cities Ben Hecht. "This report highlights real-world solutions and new ways of thinking about capital that can be employed by cities across the country. These four cities are leading the way to create stronger, more equitable communities."
- North America
“It is imperative to implement innovations that can divert private capital toward development objectives to help bridge the SDG financing gap,” UN Undersecretary-General and Executive Secretary of Escap Shamshad Akhtar said.
- Asia Pacific
Recognizing that the financial challenges of low-income people won’t be solved by access alone, BFA seeks out solutions that combine finance, user-centered design, data, policy and technology. That's why NextBillion is pleased to announce BFA as the sponsor of our new "Inclusive Fintech" Zone, which will host blog posts on the latest fintech trends, innovations and enterprises, along with two ongoing series exploring BFA's insights and analysis of financial inclusion-focused initiatives.
Rise of pan-African banking could raise between $490-$950bn in additional credit for sub-Saharan Africa
To date, Sub-Saharan Africa (SSA)’s financial sector remains relatively small and underdeveloped. However, African banks have started to expand their footprint across Sub- Saharan Africa. The number of cross border subsidiaries of African banks has almost tripled since 2002 and there are now ten pan-African banks (PABs) with a presence in at least ten SSA countries, and one with a presence in over 30 SSA countries.
- Sub-Saharan Africa