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Social Impact Incentives
The Social Impact Incentives (SIINC) model is a blended finance instrument introduced for the first time in 2016. In the SIINC model, enterprises are provided with time-limited premium payments for achieving social impact, thus aligning profitability with their social impact and enabling them to attract growth capital. The SIINC agreement is a bilateral contract between an outcome funder (e.g. a development agency or a philanthropic organization) and an enterprise; an independent verifier assesses the impact performance and clears payments for disbursement; the investment between the enterprise and its investor is arranged via a separate contract. History SIINC was co-created by Roots of Impact and the Swiss Agency for Development and Cooperation in 2016 by exploring how to adapt pay-for-success models like impact bonds for market-based organizations. The Swiss Agency for Development and Cooperation funded a pilot program in Latin America and the Caribbean which launched in 2016, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blended Finance
Blended finance is defined "as the strategic use of development finance and philanthropic funds to mobilize private capital flows to emerging and frontier markets", resulting in positive results for both investors and communities. Blended finance offers the possibility to scale up commercial financing for developing countries and to channel such financing toward investments with development impact. As such, blended finance is designed to support progress towards the Sustainable Development Goals (SDGs) set forth by the United Nations. Meeting the SDGs will require an additional $2.5 trillion in private and public financing per year as of 2017 estimates, and an additional $13.5 trillion to implement the COP21 Paris climate accord. The concept of blended finance can contribute to raising the private financing needed. It was first recognized as a solution to the funding gap in the outcome document of the Third International Conference on Financing for Development in July 2015. Build ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Agency For Development And Cooperation
The Swiss Agency for Development and Cooperation (SDC) is an office-level agency in the federal administration of Switzerland, and a part of the Federal Department of Foreign Affairs. Together with other federal offices, SDC is responsible for overall coordination of Swiss international development activities and cooperation with Eastern Europe, as well as humanitarian aid. History The SDC has been active in Burkina Faso since 1974. In 1993, the SDC ran an office in Eritrea, which closed in 2006 when the SDC stopped supporting its projects in Eritrea for political reasons. The SDC relaunched its support actions in Eritrea in 2017. In 2014, through a partnership with the Edmond de Rothschild Foundation and the École Polytechnique Fédérale de Lausanne, the SDC launched the Moocs for Africa program to improve science and technology education in French-speaking African countries. According to the OECD, 2020 official development assistance from Switzerland increased 8.8% to US ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international financial institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations. The IDB has four official languages: English, Spanish, Portuguese and French. Its official names in the other three languages are as follows: History At the First Pan-American Conference in 1890, the idea of a development institution for Latin America was first suggested during the earliest efforts to create an inter-American system. The IDB became a reality under an initiative proposed by President Juscelino Kubitshek of Brazil. The Bank was formally created on April 8, 1959, when the Organization of American States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Ventures
New Ventures is a global program that provides services for the development of small and medium enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Ban ... (SMEs) whose main goal is to generate a positive environmental or social change within their own communities. New Ventures were created in 1999 by the World Resources Institute, and it was established in emerging markets with a large biodiversity. It currently has centres in Brazil, China, Colombia, India, Indonesia and México. New Venture's reach varies in each country, but every Center offers free development services that provide SMEs with management tools and access to capital in order to make them grow and increase their positive impact. The project has assisted more than 600 enterprises worldwide. Global Centers Br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ashoka (non-profit Organization)
Ashoka (formerly branded Ashoka: Innovators for the Public) is an American-based nonprofit organization that promotes social entrepreneurship by connecting and supporting individual social entrepreneurs. Their stated mission is "the creation of an association of the world's leading social entrepreneurs—men and women with system-changing solutions for the world's most urgent social problems—and fostering a global culture of everyone being a changemaker for the good of all". History Growing up, Bill Drayton was inspired by Mahatma Gandhi and the Civil Rights Movement.Barnes, Denise.Ashoka's entrepreneurial vision fosters social change. ''The Washington Times''. August 12, 2002. p. B08. Drayton wanted to mitigate income inequality through social entrepreneurship. Drayton founded Ashoka in 1980. The organization was named after the Emperor Ashoka The Great, the ruler of the Maurya Empire during the 3rd century BC.Karkabi, Barbara.Tomorrow, the world: Interest in foreign affair ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston Consulting Group
Boston Consulting Group, Inc. (BCG) is an American global management consulting firm founded in 1963 and headquartered in Boston, Massachusetts. It is one of the Big Three (management consultancies), Big Three (or MBB, the world’s three largest management consulting firms by revenue) along with Bain & Company and McKinsey & Company. Since 2021, the consultancy has been led by the German executive Christoph Schweizer. History The firm was founded in 1963 part of The Boston Safe Deposit and Trust Company. Henderson had been recruited from Arthur D. Little to establish the consulting arm operating as a subsidiary under the name Management and Consulting Division of the Boston Safe Deposit and Trust Company. Initially the division only advised clients of the bank, with billings for the first month at just US$500. Henderson hired his second consultant, Arthur P. Contas, in December 1963. In 1966, BCG opened its second office in Tokyo, Japan. In 1967, Henderson met Bill Bain (cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Impact Bond
A social impact bond, also known as pay-for-success financing, pay-for-success bond, social benefit bond or simply a social bond, is one form of outcomes-based contracting. Although there is no single agreed definition of social impact bonds, most definitions understand them as a partnership aimed at improving the social outcomes for a specific group of citizens. The term was originally coined by Geoff Mulgan, chief executive of the Young Foundation. The first SIB was launched by UK-based Social Finance Ltd. in September 2010. As of July 2019, 132 SIBs have been launched in 25 countries, and they are worth more than $420m. History The social impact bond is a non-tradeable version of social policy bonds, first conceived by Ronnie Horesh, a New Zealand economist, in 1988. Since then, the idea of the social impact bond has been promoted and developed by a number of agencies and individuals in an attempt to address the paradox that investing in prevention of social and health pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Impact Bond
Development Impact Bonds (DIBs) are a performance-based investment instrument intended to finance development programmes in low resource countries, which are built off the model of social impact bond (SIB) model. In general, the model works the same: an investor provides upfront funding to the implementer of a program. An evaluator measures the results of the implementer's program. If these results hit a target set before the implementation period, an outcome payer agrees to provide investors a return on their capital. This ensures that investors are not simply engaging in concessionary lending. The first social impact bond was originated by Social Finance UK in 2010, supported by the Rockefeller Foundation, structured to reduce recidivism among inmates from Peterborough Prison. Based on the SIB model, a DIB creates a contract between private investors and donors or governments who have agreed upon a shared development goal. Investors advance fund development programmes with financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Impact
Social impact may refer to: * Social impact assessment * Social impact theory * Social influence Social influence comprises the ways in which individuals adjust their behavior to meet the demands of a social environment. It takes many forms and can be seen in conformity, socialization, peer pressure, obedience, leadership, persuasion, sales, a ... {{disambiguation Social science disambiguation pages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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