BII Makes First Investment In Development Impact Bonds: As an anchor investor with the US International Development Finance Corporation (DFC), British International Investment (BII), a development finance institution (DFI) and impact investor from the UK, has committed $10 million to the SDG Outcomes Fund. EnoughInfo.com
The first fund for development impact bonds in low- and middle-income nations worldwide, including South Asia and Africa, will be supported by both DFIs. Raul Jimenez of Wolves will go to Fulham for £5.5 million
BII Makes First Investment
The Fund is a joint effort between the UBS Optimus Foundation (the primary investor) and Bridges Outcomes Partnerships (the fund manager), a non-profit with a narrow focus.The Fund uses an innovative blended finance structure to invest in impact bonds and other outcomes-based contracts that support the UN Sustainable Development Goals.
BII Makes First Investment In Development Impact Bonds: Main Goal
It focuses on crucial environmental, child protection, employment, education, and healthcare outcomes with the goal of enhancing the lives and livelihoods of some of the most vulnerable communities in the world.
This is BII’s first investment in development impact bonds as a top impact investor. The fund’s goal is to provide innovative financial solutions to help the continent’s key development challenges move forward more swiftly, with a special emphasis on the most challenging industries and vulnerable communities.
SDG Outcomes made early investments in West Africa in order to initiate and deliver education and environmental services..
In Sierra Leone, the initiative would assist the local government in 195 elementary schools in Port Loko, Western Urban, Kambia, Bombali, Koinadugu, Tonkolili, and Kono to enhance the results in reading and math. The program has benefitted almost 42,000 children and is helping schools expand by improving curricula and providing teacher training. BBN All Stars: Biggie Gives The Housemates A Set Of Ground Rules As Show Begins
