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The Global Aid Industry is Repeating the Mistakes that Caused the 2008 Financial Crisis: A Warning from a Former Leader at Lehman Brothers
In 2008, the failure of a single institution, Lehman Brothers, triggered a global financial crisis — not because of Lehman alone, but because of the unseen interdependencies that held the world’s financial system together. According to David Davies at AgUnity, a leader at Lehman Brothers during the 2008 crisis, America is in the process of making the same catastrophic mistake in global aid. He explains why the collapse of USAID threatens to bring down the deeply interconnected global aid system, impacting hundreds of millions of people — and urges private foundations, philanthropists and impact investors to step up.
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MacArthur Foundation to Increase Giving for Two Years in Response to ‘Crisis’
The move was prompted by the Trump administration’s freeze on federal foreign aid and the now-suspended freeze on federal grants.
- Categories
- Environment
- Region
- Global
- Tags
- nonprofits, philanthropy
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Viewpoint: The Wrong Way to End Aid
Why? Because foreign assistance, though charitable, isn’t charity. It’s a strategic investment that safeguards America’s most important interests while reflecting its highest values.
- Categories
- Uncategorized
- Region
- Global
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New Analysis: International Finance for Climate and Health Increased to US$7.1 Billion in 2022, but Financing Remains Difficult to Access for the Most Climate-Impacted Countries
This analysis was conducted by SEEK Development in partnership with adelphi consult and AfriCatalyst.
- Categories
- Environment, Health Care
- Region
- Global
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The Success of Climate Health Initiatives Depends on Buy-in From Government Leaders
IFC's interview with Estelle Willie at The Rockefeller Foundation explores building resilient health systems through a climate lens.
- Categories
- Environment, Health Care
- Region
- Global
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Announcing NextBillion’s Most Influential Articles of 2024: Vote for Your Favorites by Jan. 5
As we bid farewell to an eventful year, it's time for NextBillion’s annual tradition: our “Most Influential Articles of the Year” contest. Each December since 2012, we've selected 12 of our most-read articles from the past year, inviting readers to vote for the ones that influenced their thinking the most. Check out the articles in this year's contest (if you haven't already), and vote for your favorites: You can vote up to once per hour between Dec. 18 and 11:59 pm EST on Jan. 5.
- Categories
- Agriculture, Energy, Environment, Health Care, Impact Assessment, Investing, Social Enterprise, Technology
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Subsidy and Synergy: How Philanthropy Can Complement Impact Investing More Effectively
The original goal of impact investing was to build out the funding spectrum between philanthropy and commercial investment. But according to Asad Mahmood at SIMA and Nanno Kleiterp, the arrival of private equity firms — promising scale and market-rate financial returns — has pulled all the sector's energy toward the commercial end of the spectrum. They explore the key role philanthropic subsidy has played in the development of emerging markets business, clarify some misconceptions about its role in impact investing, and propose some ways philanthropists and impact investors can better align their efforts.
- Categories
- Energy, Finance, Investing, Social Enterprise
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Press Release: Rockefeller Foundation Advances African-Led Energy Transition Solutions at COP29
The Rockefeller Foundation announced $US10.9 million for the African Climate Foundation; African School of Regulation; Clean Cooking Alliance, via UN Foundation, in Kenya; GOGLA; SEforALL, via UNOPS, in Zambia.
- Region
- Global
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