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Inclusive Business and Impact Investing
The first and highest rated scoop.it blog on sustainable and inclusive business and impact investing. The curations are mine.
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Yelp Better: Local Search App To Find Retail Social Enterprises

Yelp Better: Local Search App To Find Retail Social Enterprises | Inclusive Business and Impact Investing | Scoop.it

These days a finger tap on a mobile device yields reviews of everything from a five-star restaurant to a grungy hole-in-the-wall gem. Foodies depend on contextualized local search to guide their chow hound adventures, and a new mobile application aims to become a Yelp for the socially-minded.

“Social Impact” is a free app that utilizes the iPhone’s GPS system to display the closest retail social enterprises—including restaurants, coffee shops, and craft stores. The developers, Rolfe Larson Associates, have added nearly 700 businesses to the app's database so far—each include serving the common good as part of their mission. The developers are eager for users to suggest more socially progressive businesses to grow the network.

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Can Companies Both Do Well and Do Good?

Can Companies Both Do Well and Do Good? | Inclusive Business and Impact Investing | Scoop.it

Many management thinkers argue that it is no longer enough to do well financially; companies also need to improve the well-being of (or at least not harm) the communities in which they operate, the environment, and their employees. (See, for example, "Creating Shared Value," by Michael E. Porter and Mark R. Kramer.) That's the good news. The bad news is that stellar performance on both dimensions is no common or easy feat.

This year we examined the correlation between the financial performance of leaders on our list and their social and environmental performance as measured by MSCI, a highly reputable firm that rates major companies. Despite all the rhetoric, we discovered that the correlation between the two sets of data is, well, zero. You can see this clearly in the graphic blow, which maps the long-term financial performance of some 1,100 CEOs against their companies' social and environmental performance for their last two years in office (click for a larger view).

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Social Entrepreneurship: A Fundamental Game Changer - Forbes

Social Entrepreneurship: A Fundamental Game Changer - Forbes | Inclusive Business and Impact Investing | Scoop.it

“Whenever I see a problem, I start a business”, said Nobel Laureate Muhammad Yunus in May 2010 at a program at the Commonwealth Club’s Series on Social Entrepreneurship.  Thirteen of the leading lights in the field of social entrepreneurship gave talks which have been put together and edited by Dr. Ruth Shapiro in a new book, The Real Problem Solvers.

Whether there is a profit motive or not, the notion that business has a role to play in addressing societal issues is at the heart of today’s discourse on social entrepreneurship.   Defining what social entrepreneurship is as well as the difference between it and traditional non-profit management as well as philanthropy is a flourishing discourse.  Coined by Bill Drayton of Ashoka in the early 1980’s, the term social entrepreneurship has become somewhat of a catch-all phrase.  Originally it referred to someone with the passion of an entrepreneur tackling a social challenge.   Now, it has evolved to a number of meanings including but not limited to social interventions with distinctly business characteristics as well as businesses themselves.

With his remark, Dr. Yunus hit upon one of the main themes of the book: the blurring line between profit and non-profit, business and charity when providing a social good.  The term non-profit organization has been used to describe what an organization is not rather than what it is.  The equalization of social service work with non-profit balance sheets became sacrosanct.  In order to do good, common practice and wisdom told us, we could not also do well.  Now, that notion is being turned on its head. 

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Ending Poverty in Our Generation

Ending Poverty in Our Generation | Inclusive Business and Impact Investing | Scoop.it

The Millennium Development Goals – one of the most resonant and unifying agreements in political history – reach a turning point in 2015, the deadline for their realisation.

Ending Poverty in Our Generation sets out Save the Children’s vision for a new development framework – consisting of ten key goals – that will support the creation of a world where all people everywhere realise their human rights within a generation.

We do not present this as a final position. Rather, it as an indicator of our priorities and – we hope – a contribution to the process of crystallising the eventual solution.

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Zhang Yichi's curator insight, January 27, 2014 6:35 AM

I was not surprised when I saw this article. But when I saw this article, I found the purpose of its good. This article is about a children organization in hopes to stop poverty. As I have read an article saying that poverty is actually passed down from mother to child and the cycle repeats, I find that forming a children organization that stops poverty good. I'm curious about how they are going to build the organization and slowly form it. I am also curious about what activities that they will do, will they be making donations or will they actually go to the country/place itself and help the people who are living in poverty? 

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A Whole-of-Government Commitment to Inclusive Entrepreneurial Growth | The White House

A Whole-of-Government Commitment to Inclusive Entrepreneurial Growth | The White House | Inclusive Business and Impact Investing | Scoop.it

Entrepreneurs and small businesses are the engines of American innovation and our economic success, and President Obama is committed to helping them grow and prosper. Our nation’s small businesses employ over 60 million Americans, or half of the private sector workforce. Both small businesses and especially new businesses that are less than five years old are particularly important in job creation in the United States, with a relatively small number of rapidly growing companies generating an outsized share of new jobs – in every industry and across the country.

Last year, President Obama spoke with his Cabinet about how every Federal agency has a role to play in promoting the success of American entrepreneurs:

[What] we want to do is to make sure that every single agency, even as they’re tending to their energy initiatives or providing homeland security or transportation or defense, that we’re also thinking about how are we’re advancing the cause of giving small businesses and entrepreneurs opportunities to start creating the next Google or the next Apple or the next innovative company that’s going to create jobs and improve our economy.

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Survey Shows Market Growth in Impact Investments and Satisfaction Among Investors – Press Releases on CSRwire.com

Survey Shows Market Growth in Impact Investments and Satisfaction Among Investors – Press Releases on CSRwire.com | Inclusive Business and Impact Investing | Scoop.it

J.P. Morgan and the Global Impact Investing Network (GIIN) released today Perspectives on Progress, a report that reveals the experiences, expectations, and perceptions of 99 impact investors in 2012, as well as their plans for 2013. The survey indicates a growing market, with respondents planning to commit USD 9 billion to impact investing in 2013, up from a total commitment of USD 8 billion in 2012.

Additionally, the vast majority of surveyed investors report that their impact investment portfolio performance is meeting or exceeding social, environmental, and financial expectations, which is critical to impact investments as impact investors seek measurable social and environmental impact alongside financial returns.  Two-thirds of respondents are principally pursuing market-rate financial returns. Investors surveyed for the report include fund managers, development finance institutions, foundations, diversified financial institutions, and other investors with at least USD 10 million committed to impact investment.

“At J.P. Morgan Social Finance, we are especially encouraged by the findings in this survey – that, despite the market’s early stage, investors' portfolios are meeting financial expectations in addition to social and environmental expectations,” said Yasemin Saltuk, Director of Research for J.P. Morgan Social Finance and co-author of the report. “The findings from this report are insightful and we are optimistic for the continued growth in investments that have a positive social and environmental impact.”

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Social Impact Is Investing, Not Fundraising (The NonProfit Times)

Social Impact Is Investing, Not Fundraising (The NonProfit Times) | Inclusive Business and Impact Investing | Scoop.it

Modern philanthropy is about results, not just money. Consider the partnership between Goldman Sachs, Bloomberg Philanthropies and the nonprofit MDRC. Goldman Sachs will invest $9.6 million in MDRC to create a program to reduce recidivism by at least 10 percent in adolescents released from New York City’s Rikers Island jail.

Bloomberg Philanthropies will provide a $7.2 million loan guarantee. If the program succeeds in reducing the recidivism rate by 10 percent, the New York City Department of Corrections will repay the full $9.6 million to Goldman, and MDRC will be able to use the loan for other programs. Goldman stands to profit by up to $2.1 million if the program exceeds a 10 percent drop. If the program does not reduce recidivism by at least 10 percent, the Bloomberg loan guarantee means Goldman will recoup some of its investment.

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Survey Shows Market Growth in Impact Investments and Satisfaction Among Investors

Survey Shows Market Growth in Impact Investments and Satisfaction Among Investors | Inclusive Business and Impact Investing | Scoop.it

Perspectives on Progress is a research report released by J.P. Morgan and the Global Impact Investing Network (GIIN).

The report reveals the experiences, expectations, and perceptions of 99 impact investors in 2012, as well as their plans for 2013. Investors surveyed for the report include fund managers, development finance institutions, foundations, diversified financial institutions, and other investors with at least USD 10 million committed to impact investment.

The report indicates a growing market, with respondents planning to commit USD 9 billion to impact investing in 2013, up from a total commitment of USD 8 billion in 2012. Additionally, the vast majority of surveyed investors report that their impact investment portfolio performance is meeting or exceeding social, environmental, and financial expectations, with two-thirds of respondents principally pursuing market-rate financial returns.

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India's shift to inclusive innovation is 'a model to follow' - SciDev.Net

India's shift to inclusive innovation is 'a model to follow' - SciDev.Net | Inclusive Business and Impact Investing | Scoop.it

A leading Indian scientist and policymaker is calling on developing countries to adopt an "emerging paradigm" of affordable, less complex and inclusive innovation to promote development and cut poverty.

Raghunath Mashelkar, former director-general of India's Council of Scientific and Industrial Research, and now president of the Global Research Alliance, an organisation that promotes the Millennium Development Goals (MDGs), says India has good models for innovation which are reducing complexity and the cost of goods, and which are leading to social inclusion and access to economic opportunities.

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Can the private sector benefit from 'impact investing'?

Can the private sector benefit from 'impact investing'? | Inclusive Business and Impact Investing | Scoop.it

Impact investing has come a long way since John Elkington coined the phrase “Triple Bottom Line” in his 1997 book Cannibals with Forks: the Triple Bottom Line of 21st Century Business. In a relatively short amount of time, this term has captured the ethos of this emerging asset class. According to an often cited 2010 JP Morgan report, this segment of the market offers the potential over the next 10 years for invested capital of $400 billion-$1 trillion, and profit of $183 billion-$667 billion.

For the uninitiated, impact investing refers to investments made based on criteria that go beyond just financial return and attempt to create benefits for both society and the environment. Also known by some as “socially responsible investing,” “corporate social responsibility” or “environment, social and corporate governance,” impact investing looks more specifically at how investments can promote positive impacts and less at the minimization of negative impacts.

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Bridging the Gap Between Charity, Business

Bridging the Gap Between Charity, Business | Inclusive Business and Impact Investing | Scoop.it

NEW YORK--Impact investing is drawing more attention from philanthropists excited by the possibility that their donations can both help people and support businesses with a social mission. Jacqueline Novogratz, chief executive of the Acumen Fund, speaks with Wealth Management at WSJ.com about the field, her fund and how impact investing can fit into a client's overall giving strategy.

WSJ: Impact investing means many things to many people. How do you define it?

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What’s Possible: The Tides Blog | Investing for Impact

What’s Possible: The Tides Blog | Investing for Impact | Inclusive Business and Impact Investing | Scoop.it

The term impact investing has been gaining brand value over the past five years. The precursors of community investing and socially responsible investing are ironically being dropped from the conversation as if to imply that impact investing is a brand new phenomenon. While there is innovation inherent in impact investing, it is important to leverage the histories – good and bad – from community development, socially responsible investing, and venture philanthropy in order to support the success, sustainability and scale of the larger social benefit marketplace.

The wave of research and marketing for impact investing has been quite impressive, especially in light of the limited quantitative data on the impact of investments made in the space to date. The “hype” is fueling an entire ecosystem of organizations – from historical philanthropic institutions to traditional investment banks – moving at warp speed to become impact investors. These institutions, with their own business models and mission orientation, are coming together and at times colliding in attempts to figure out how we can all work together. It is “speed dating” at its finest.

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Financial Express :: Financial Newspaper of Bangladesh

Financial Express :: Financial Newspaper of Bangladesh | Inclusive Business and Impact Investing | Scoop.it

Manila Water is a business in the Philippines that makes profits. They provide safe water and safe sewage facility both to the rich and poor people alike. From the water crisis of early 1990s when few had water 24-hours a day and mainlines were porous more than 6.0 million people in 23 cities and municipalities are now reached by Manila Water. The water crisis had a heavier toll on the poor people. They were paying 7.0 times of the regular price for water. Most of the times the tankers the people purchased or sourced water from were contaminated. In 1997, the Government responded by granting Manila Water Company rights to distribute water and operate the sewage system in greater Manila's East Zone-that includes the cities of Makati, Pasig, Mandaluyong, Marikina, San Juan and Taguig, most parts of Quezon City, some parts of Manila, and the municipality of Pateros, as well as cities and municipalities in Rizal Province further east.

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Why 'Social Investing' Is Growing

Why 'Social Investing' Is Growing | Inclusive Business and Impact Investing | Scoop.it

Days after Adam Lanza used a Bushmaster AR-15 semiautomatic rifle to kill 20 first graders and six adults at the Sandy Hook elementary school in Newton, Connecticut, California's Treasurer urged the state's Teacher's pension fund to sell its stake in Cerebus Capital Management which owns the Bushmaster manufacturer.

Cerebus subsequently announced it was selling Freedom Group, maker of the Bushmaster AR-15 and other guns.

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allAfrica.com: Africa: Accelerating Value Addition

allAfrica.com: Africa: Accelerating Value Addition | Inclusive Business and Impact Investing | Scoop.it

Africa has great potential to climb many value chains and create thousands of new jobs. It is time to test a new approach to realising this potential.

Why is it that Tanzania exports raw cashew nuts and imports processed cashew nuts, the ones they actually sell in stores? And why does Senegal's largest juice processor import mango pulp, when mangos are rotting by the tonne a few miles down the road? Processing raw materials into market-ready products would create more jobs, capture more value locally, and reduce the tremendous post-harvest losses affecting farmers and traders.

Many attempts at converting raw materials that are in abundant supply into consumer products have gone wrong. Africa has many examples of so-called 'White Elephants' - expensive factories that have never been fully operational because the business concept was flawed. A recent study by the World Bank reports that 60 percent of 87 failed agribusiness projects reviewed were brought down due to a flawed business case. The fact that you have a tomato surplus does not mean you can enter the ketchup market.

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Private equity firms increasingly investing in social impact

Private equity firms increasingly investing in social impact | Inclusive Business and Impact Investing | Scoop.it

Even the staunchest defenders of Wall Street or the City of London will admit that the private equity industry, rightly or wrongly, has developed something of a bad rep in the past couple of decades.

In the popular imagination, venture capitalists are all sharp-suited "greed is good" spouting Gordon Gekko-types, buying distressed businesses or household brands before stripping them bare and slashing employees to turn a quick buck.

But all this antipathy towards private equity however distracts from its rather sober, utilitarian aims: to turn a flagging enterprise into a flagship of success. Private equity is meant to inject working capital into a promising business and refine products, operations or management, while keeping shareholders suitably compensated for their risk taking.

According to David Hutchison, former head of UK investment banking at Dresdner Kleinwort and chief executive of Social Finance, a non-profit set up to improve third sector access to private financing, there is "considerable mileage" in bringing investment disciplines to bear on socially minded organisations, "particularly a focus on performance management and a sense of accountability for delivery."

 
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Can India Defeat Poverty? - By Amanda Glassman and Nancy Birdsall

Can India Defeat Poverty? - By Amanda Glassman and Nancy Birdsall | Inclusive Business and Impact Investing | Scoop.it

Is the solution to poverty as simple as giving a little bit of money to a large number of people? We may be about to find out. On New Year's Day, India, the world's largest democracy, launched what may become the most ambitious anti-poverty program in history. Called the Direct Benefit Transfer (DBT), the initiative will directly provide cash to poor families -- at first more than 200,000 people, then potentially hundreds of millions -- via the banking system. India's finance minister hasdescribed it as "nothing less than magical." While there is no "magic" solution to development, DBT could revolutionize assistance to India's roughly 350 million people living on less than 56 cents a day, the country's official poverty line.

  

The move to cash transfers comes after decades of hand-wringing about India's huge and wasteful system of in-kind subsidies. The government spends roughly $14 billion a year, or nearly 1 percent of its GDP, to buy food, fertilizer, and petroleum and distribute them to stores, where the eligible poor can purchase them at discounts, or to government offices, where products are handed out.

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Charity News: GOOGLE GRANTS: Charity innovation grants - Google’s Global Impact Awards lends power to growth in venture philanthropy for 2013

Charity News: GOOGLE GRANTS: Charity innovation grants - Google’s Global Impact Awards lends power to growth in venture philanthropy for 2013 | Inclusive Business and Impact Investing | Scoop.it

Google’s first wave of Impact Awards boosts innovation into 2013 with a total 23 million USD investment, adding weight to a growing interest in venture philanthropy as a catalyst for social impact success...

Google announced the awards for 2013 and beyond are for a series of projects from innovative organisations using technology to tackle global humanitarian challenges.

Organisations benefiting from the first rounds of awards include charity: water and the World Wildlife Fund (WWF)...

Water monitoring technologies using real-time data is the project being funded by the search giant Google for charity: water...

The water aid non-profit is benefiting from a $5 million award to pilot the installation of real-time water monitoring technologies by 2015, at 4,000 water points across Africa...

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Lok Capital buys minority stake in social enterprise Drishti in India | mydigitalfc.com

Lok Capital buys minority stake in social enterprise Drishti in India | mydigitalfc.com | Inclusive Business and Impact Investing | Scoop.it

The Rockefeller Foundation-backed Lok Capital, a dedicated VC fund focused on serving the BOP (bottom of the pyramid) has bought ‘a significant minority stake’ in Drishti, a social enterprise providing eye care to underserved populations. This also marked the New Delhi-headquartered VC fund’s foray into healthcare segment.

While confirming the development, Lok Capital and Drishti officials refused to divulge the exact amount that the VC fund has chipped in. “All we can say is that Lok Capital has taken a significant minority stake in our social enterprise,” Drishti top officials told FC.

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DFID - Aid commitments: Britain sets out pledges for UK aid

DFID - Aid commitments: Britain sets out pledges for UK aid | Inclusive Business and Impact Investing | Scoop.it

Britain has today set out its commitments on international development over the next two years of government.

The Coalition government underlined its promise to deliver real results from UK aid whilst ensuring value for money for taxpayers in a mid-term review of its programme so far.

The review – titled "Together in the national interest" – reiterated the government's backing for an aid programme that helps to promote prosperity and stability for all.

It also reaffirmed its commitment to spend 0.7% of the UK's national income on overseas aid by the end of 2013 – and to put this pledge into law.

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Data drip: 'Smart' handpumps send signal that water has run out

Data drip: 'Smart' handpumps send signal that water has run out | Inclusive Business and Impact Investing | Scoop.it

Installing handpumps in far-flung villages has long been a favourite activity of aid agencies and development NGOs. But the pumps rarely last forever: at any given time, only two of every three handpumps in rural areas are actually working, and aid workers don't often go back to check up on the status of the pumps installed several years before.

 

That's precisely the problem a team of researchers at Oxford University are trying to tackle. They have created a device that uses mobile phone technology to generate – and transmit – data on handpump use in ruralKenya. They hope their approach will ultimately help to improve water access in drought-stricken areas.

 

This year, the UN said new data showed the millennium development goal (MDG) target to halve the number of people without access to safe drinking water had been met in 2010, five years before the deadline. Even so, an estimated 780 million people – more than a 10th of the global population – live without basic and reliable water supplies; theoverwhelming majority, roughly 80%, live in rural areas.

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Foundations Support Impact

Foundations Support Impact | Inclusive Business and Impact Investing | Scoop.it

Conventional wisdom has it that money is either charity or an investment; there is no in between.

Impact investing has changed that. And foundations now endorse the model.

The Council on Foundations in a memo six months ago endorsed impact investing. This is a big deal because it puts impact investing in the sights of more than 1,700 foundations representing some $300 billion. In November, Forbes profiled the Omidyar Network, a foundation begun by eBay pioneer Pierre Omidyar and his wife Pam, that has embraced impact investing. And Parade magazine in December put Howard Buffett on its cover. Buffett’s venture philanthropy model spans post-conflict countries and hunger in America.

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Charitable foundations moving towards impact investing, claims AAA | Alternative Asset Analysis

Charitable foundations moving towards impact investing, claims AAA | Alternative Asset Analysis | Inclusive Business and Impact Investing | Scoop.it

A growing number of charitable foundations are moving more towards the social enterprise/impact investing structure, according to Alternative Asset Analysis (AAA) and a new report by Marketplace.org’s Business page.

The piece focuses on the founder of eBay, Pierre Omidyar, who started out his career in philanthropy by setting up a charitable trust, the Omidyar Family Foundation. He was providing grants and other funding for projects that needed support, but he soon felt that expanding into the role of a investment bank would make the very most of his cash.

AAA advocates the formation of social enterprises that help projects and small businesses in vulnerable communities or developing countries through the provision of loans, grants and other forms of financial support. “People living in poverty all over the world need a chance to work themselves out of their situation and start businesses of their own,” stated AAA’s analysis partner, Anthony Johnson. “Making sure they can access small business loans to start their projects off and even employ others in the community offers a real, long-term solution for many.”

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Investing Early to Impact World-Changing Solutions

Investing Early to Impact World-Changing Solutions | Inclusive Business and Impact Investing | Scoop.it

Jen Medbery didn't set out to become a hero of "social entrepreneurship" -- she only wanted to solve a problem. As a Teach for America Corps member and a founding teacher at a New Orleans charter school, Jen recognized the importance of measuring performance data in order to increase student outcomes, especially in the low-income, high-need schools in which she taught. A software engineer, she developed Kickboard, a basic software that helped her friends measure student performance, adjusting instructional techniques in real-time. It wasn't until she received repeated requests for her software from other New Orleans charter schools that she decided to start a company. Her thinking: by selling her software and earning revenue, she could scale a solution that worked nationwide. But it wasn't that easy. For over a year, Jen tried to raise money, build a team, and develop a network, without success.

Jen is representative of thousands of entrepreneurs worldwide who needs "impact investing," or investments made to generate profit as well as positive social impact, to build world-changing solutions to major problems.

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Guest post: the IFC, poverty and the private sector

Guest post: the IFC, poverty and the private sector | Inclusive Business and Impact Investing | Scoop.it

Four years after the global financial crisis struck, the world still faces major economic challenges. Shocks from Europe, Asia or the US could undermine recoveries in many developing countries, hurting the poor the most.

The threat is acute in sub-Saharan Africa, where nearly half the population still lives in poverty and many countries remain mired in conflict. I saw firsthand the region’s challenges – and promise – in the days after I became chief executive of the International Finance Corporation, a member of the World Bank Group that focuses exclusively on promoting private sector growth in emerging markets.

I believe sustainable private sector development is an essential component of any lasting cure to the scourge of poverty. Consider just one example: the IFC’s $12m loan to the Kenya Tea Development Agency, our first since I became chief executive in October.

 

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://blogs.ft.com/beyond-brics/2012/12/31/guest-post-the-ifc-poverty-and-the-private-sector/#ixzz2GsdFGtky

 
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