19 September 2023


Sep 19
Debt Swaps by BoA, Credit Suisse under Scrutiny
Bond deals arranged by Credit Suisse and Bank of America Corp (BoA) in connection with debt swaps for emerging market issuers are facing renewed scrutiny, as the International Capital Market Association (ICMA) issues new labelling guidelines.
Source: The Star
Sep 19
UK Offers $300 Mln Guarantee for Asia and Pacific Climate Fund
The guarantee will go to the Innovative Finance Facility for Climate in Asia and the Pacific (IFCAP), a leveraged guarantee mechanism for climate finance which was announced in May by the Asian Development Bank.
Source: Reuters
Sep 18
Investors Urge Greater Scrutiny of Climate Funding Tools
Countries or companies issue green bonds to pay for specific, low-carbon development projects. They follow voluntary standards developed by the International Capital Markets Association or the Climate Bonds Initiative. There is a lot of leeway in the ‘green bond’ definition, though, which can raise greenwashing concerns.
Source: Financial Times
Sep 15
Breaking the Cycle of Generational Poverty in Guatemala through Microfinance
How successful are microfinance organizations in achieving their missions? According to a recent report, one such group, U.S.-based Friendship Bridge, shows clear evidence of achieving its aim of breaking the cycle of generational poverty among rural families in Guatemala.
Source: Forbes
Sep 15
WaterEquity Announces Final Close of $150 Million Global Access Fund IV Addressing the Global Water Crisis
WaterEquity's Fund IV aims to deliver impact by channeling private investment capital to financial institutions and local enterprises that offer affordable water and sanitation products and services. With a final close in July 2023, just four months after its initial close, Fund IV highlights the growing appetite of investors to allocate their capital in an impactful way.
Source: Newswire
Sep 15
A More Impactful Strategy for Sustainable Investing
Field building means that investors influence companies by changing the (1) stakeholders and (2) assumptions, norms, and rules that surround companies, thereby exerting their influence on companies indirectly.
Source: Harvard Business Review
Sep 13
Grow Asia Launches US$1 Billion Impact Fund
Multi-stakeholder platform Grow Asia, which focuses on building more resilient and sustainable food systems, has unveiled its largest impact fund, the GrowBeyond Fund, which includes a first-of-its-kind public-private blended financing model targeted at small and medium-sized enterprises (SMEs) and designed to leverage up to US$1 billion of climate finance.
Source: The Asset
Sep 13
Explainer: Why Has Blended Finance Not Lived up to Its Promise?
The innovative cocktail of public, private and philanthropic money was first touted as a solution to close the funding gap for the sustainable development goals in 2015. But eight years on, its promise to close a trillion-dollar financing gap rings hollow.
Source: Eco-Business
Sep 12
Early-Stage VC Firm Vertex Ventures’ SEA and India Arm Raises $541 Million in Fund V
The VC firm said that within its fund corpus, there is a designated co-investment fund of $50 million, specifically allocated for partnering with the primary fund in startups led by female founders.
Source: Money Control
Sep 12
Blended finance underpins development of Djibouti’s first wind farm
The $122m project provides much needed green energy to Djibouti, which relies on fossil fuel imports to supply ailing power stations, and would have been near-impossible to build without using blended finance.
Source: Impact Investor

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