Home|Latest on International Development Cooperation|Impact investing could help plug $2.5tn funding gap for development

by Alison Moodie

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Impact investing could help plug USD2 5tn funding gap

“The global challenges are so complex and the size of the funding that’s needed is so large, traditional funding sources like philanthropy are probably not going to be sufficient to meet it,” said Anna Kearney, associate director for corporate social responsibility at the Bank of New York Mellon (BNY Mellon), which this week released a white paper on the importance of social finance.

The report comes after a UN summit in Addis Ababa, Ethiopia, last week, where world leaders reached an agreement on how to finance some of the planet’s most pressing development issues. Impact investing – investments that have a social or environmental benefit while also turning a profit – might be one of the best ways address the financing shortfalls, experts say.

Available at: http://www.theguardian.com/sustainable-business/2015/jul/23/impact-investing-social-environmental-profit-united-nations-developing-countries 

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