Blended finance is no magic wand – and there's little reason to use it in most of Asia, one expert says. Plus, more positive sentiments from speakers at this week's gathering in Spain – but a plea for “more African representation” next time.
Ford Foundation boss Darren Walker says investment in more diverse entrepreneurs and communities is needed to change an economic system that was designed by white men.
US Impact Investing Alliance, B Lab and 50 others hope proposed White House Initiative on Inclusive Economic Growth will nudge policy and coordinate approaches to health, Covid recovery, racial inequality and climate change.
PLUS: Scotland’s £30m Third Sector Growth Fund; Ford Foundation seeds Black Feminist Fund with £15m; Big Issue Invest backs Sport England; Neighbourly raises £3m; National Academy for Social Prescribing funds 37 projects; and more.
Pursuing justice and dignity, not just charity, means acknowledging complicity in systems of inequality – and backing the 'troublemakers' who will hold you to account, says boss of influential US foundation.
SOCAP Virtual: Previously the message to government was: step aside and let us get on with it. Now advocates of impact investing want Washington to step up – regardless of who’s in the White House.
“Unprecedented times call for extraordinary solutions,” says US grantmaking giant, announcing $1bn social bond sale to fund a massive, anti Covid-19 grantmaking programme.
