Philanthropist, innovator, and social investment pioneer. It is hard to imagine anybody more qualified to talk about how financial markets can enlist capital to achieve development goals than Sir Ronald Cohen, a driving force behind the invention of the social impact bond and the current president of the UK-based Global Steering Group for Impact Investment. Sir Ronald’s … [Read more...] about Unlocking the Power of Results-Based Financing to Tackle Development Challenges
Does it happen to you that you carry an umbrella almost always in case it rains, and never need to use it except -of course- when it’s raining, and it’s precisely then that you realize that you forgot it? Isn’t it the case on any given day walking outside, that we are willing to pay more for an umbrella when it is pouring than when it is sunny? The umbrella is a device that … [Read more...] about Are multilateral banks really supporting countries in times of need?
By José Juan Gomes, Álvaro Concha, María Netto Nearly all of the estimated 1.6 million businesses in Colombia are micro, small, or medium-sized enterprises (MSMEs). Across the board, if you ask owners of these firms what the biggest challenge is to grow their businesses, the answer is almost unanimous: access to credit. Growth of MSMEs is critical to the Colombian economy … [Read more...] about Lending and Green Financing for Small Businesses in Colombia