10 October 2023


Oct 9
IFC Funds Leapfrog to Boost Growth of Financial Services in Africa & Asia
IFC is making a $50 million equity investment in LeapFrog Emerging Consumer Fund IV LP, which targets $1 billion in commitments and will represent the largest offering by LeapFrog to date. IFC’s investment in the fund will be made along with an additional $50 million, which will allow IFC to selectively invest alongside the fund in Leapfrog portfolio companies.
Source: IBS Intelligence
Oct 9
India’s Green Bond Market Set for Growth, Says SBI Chairman
Green bonds, which currently make up only 0.7% of total bond issuances since 2018, are predicted to rise to 8-10% of the share. The Indian government has already issued ₹16,000 crore worth of green bonds in FY23 and plans another issuance of ₹20,000 crore in FY24.
Source: Investing.com
Oct 6
Shortfall in Climate Change Cash Grows Ahead of COP28
The United Nations’ main fund for helping vulnerable countries cope with climate change said on Thursday it had raised US$9.3 billion (S$12.7 billion), falling short of a US$10 billion target after wealthy nations, including the United States, failed to pay in.
Source: The Straits Times
Oct 6
UN-Backed Funding Tool Aimed At Ending World Hunger Seeks Capital from Investors
WFP BRIDGE, a newly launched funding mechanism, is now ready for capital from public and private investors interested in supporting SDG 2 – zero hunger.
Source: Impact Investor
Oct 5
Indonesian Fintech Startup Investree Raises $231 Million Series D, Sets up Joint Venture in Qatar
Indonesian peer-to-peer lending platform Investree has raised €220 million ($231 million) in Series D financing led by JTA International Holding in Qatar, with participation from Japanese online financial conglomerate SBI Holdings, which previously invested in the startup's Series B and C rounds.
Source: Forbes
Oct 5
Philippines: ADB Grants $300-M Loan to Expand Financial Inclusion in PH
Manila-based Asian Development Bank (ADB) said Thursday, Oct. 5, that it has approved a $300-million policy-based loan to help the Philippine government expand its financial inclusion programs.
Source: The Manila Times
Oct 5
Swiss Impact Investor Blue Earth Capital Closes Second Credit Strategies Fund above $100M Target
The commitments for the fund came from a diverse base of LPs and investors, including the US International Development Finance Corporation. So far, BlueEarth Credit Strategies had made three exits and realised returns above 12% IRR.
Source: Dealstreet Asia
Oct 4
D. Olmack, 60 Decibels: Wrap-around Services Are Changing the Face of Microfinance – For the Better: New Research Shows the Impact of Going beyond Credit
While loans have always been at the heart of microfinance, many institutions understand that loans alone are not enough to create meaningful impact. Recognizing this, many FSPs now offer additional services aimed at increasing the impact of their loans. These services range from training, education and health support to savings, insurance and payment solutions.
Source: NextBillion
Oct 3
How Is Technical Assistance Effectively Used in Blended Finance Transactions?
Overall, TA is used globally to bolster the impacts of blended finance transactions and help achieve the SDGs. Challenges remain in ensuring that funds are used responsibly and effectively, and that TA achieves a measurable and sustainable result. Its varied structure, however, leaves many opportunities for improvement, if providers are willing to share data and best practices, continue to seek innovative means of TA delivery, and focus on systemic changes that create ample investment opportunities.
Source: Convergence
Oct 3
L&G to Invest in Emerging Markets Infrastructure via ImpactA Global
Legal & General Capital (LGC) is committing up to US$100m (€94.6m) to ImpactA Global, a women-led advisory firm, to invest in sustainable infrastructure debt in emerging markets.
Source: IPE Real Assets

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