Multilateral Coalition of Public and Private Sector Investors Pledges $20 Billion for Women’s Economic Empowerment under 2X Challenge; and more...
India: Microfinance Entities on Overseas Borrowing Spree
Unlike bank borrowings, ECBs come with bullet repayment, meaning the loan is repaid at the end of the tenure. This helps microfin firms improve cash flow and use their collections to build their portfolios, as repayments are made only at the end of the loan tenure. RBI data show ECB fundraising by microfin entities jumped five-fold year-on-year to a record high of $388 million (around Rs 3,500 crore) in FY24.
Japan: Fujitsu Ventures Starts Impact Investing
Fujitsu Ventures , the corporate venture capital arm of Japanese IT and electronics group 富士通 , has added impact investing to its mandate. Last month, the unit made its first impact investment in Gojo & Company, Inc. , a Tokyo-headquartered microfinance company that helps underbanked and low-income households in developing countries like Sri Lanka, Myanmar, Cambodia, India and Tajikistan access financial services.
Multilateral Coalition of Public and Private Sector Investors Pledges $20 Billion for Women’s Economic Empowerment under 2X Challenge
The announcement came at the close of the G7 Leaders’ Summit in Italy. The 2X Challenge 2024-2027 marks the first time that private investors will be a part of the initiative, which has expanded to include the full spectrum of capital providers.
Inspired Evolution Raises $23M for Energy Transition in Africa
Asset manager Inspired Evolution has announced the second financial closing of its Evolution III fund. The deal, which attracted around ten investors, will support the energy transition in Africa.
African, Inter-American Development Banks on $20 Bln IMF Reserve Asset Donor Drive
The heads of the African and Inter-American Development banks are touring North America, the Middle East, Korea and Brazil in a bid to secure $20 billion of International Monetary Fund reserve assets which they want to turn into $80 billion of climate financing.
Brookfield, Alterra Launch $5 Billion Emerging Markets Climate Transition Fund
The new fund, to be managed by Brookfield , is being launched with a $1 billion anchor commitment from ALTéRRA , with a target to catalyze up to $5 billion in total capital. Brookfield has also committed to contribute at least 10% of the fund’s total capital.
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Philippines: IFC Investing $100 Million in CitySavings Social Bond
The IFC - International Finance Corporation is investing $100 million in the social bond issued by Aboitiz Group ’s thrift bank City Savings Bank . In a statement yesterday, the private sector arm of the World Bank said CitySavings is the first thrift bank to issue a social bond in the country.
IDF and AFD Group Form IDRIMA to Enhance Climate Resilience
The Insurance Development Forum (IDF) and the French Development Agency in South Asia have formed the Integrated Disaster Risk Management Alliance (IDRIMA). The partnership aims to enhance long-term resilience against climate disasters in the Global South by integrating robust financial solutions.
World’s Largest Gender-Lens Fund Starts Operating with New Investment Strategy to Help Address the USD 1.7 Trillion Gender Gap
Building on a successful 15-year track record, the Microfinance Enhancement Facility (MEF), initially founded in 2009, was transformed into the Global Gender-Smart Fund (GGSF) on 1 January 2024, introducing a new gender-focused strategy as well as a new structure.
Clarmondial, Rainforest Alliance Cooperate on Mount Kenya Impact Investment
The Rainforest Alliance in Kenya and Swiss-based impact investor Clarmondial AG will jointly execute a catalytic pilot investment for the Biosphere Integrity Fund in the Mount Kenya landscape, a biodiversity hotspot that’s home to more than 700 plant species as well as endangered and rare animals such as the black rhino and albino zebra.
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About Tameo
Tameo Impact Fund Solutions is?the?Swiss impact investing specialist. Established in 2020,?Tameo?guides impact fund managers, catalytic investors and institutional asset owners through the entire impact investing journey, providing them with insights, tools, and opportunities to facilitate impactful capital flows. Tameo also acts as the business services manager of the Swiss Investment Fund for Emerging Markets (SIFEM).
Our?products and services include unique data and benchmarks on private asset impact funds (PAIFs), AND impact data collection and reporting for fund managers and investors.?Additionally, we have developed an?AI-driven impact verification solution?and provide?bespoke market research, and impact framework building at the company and fund levels. These services are offered to clients driving investment activities globally, with a focus on private markets. Tameo’s flagship publication, the ‘PAIF?report’, offers the most comprehensive analysis about private debt and private equity impact funds focused on developing countries.
Through?our?research and impact advisory services, Tameo empowers clients to move towards best-in-class impact measurement & management.