Development finance

The Water Access Acceleration Fund attracted commitments from international development finance institutions, foundations, family offices, and private investors.

Commitments from a range of financial services organisations and from development finance capital will allow the fund to invest as much $1bn in next-generation infrastructure across Africa and Asia by 2028.

The BluePeak Private Capital Fund II aims to provide flexible credit solutions to Africa’s underserved mid-sized businesses, and has received backing from several European development finance institutions.

The loan is part of a $199m International Finance Corporation-led initiative to support Amartha, an Indonesia fintech company operating in rural Indonesia connecting underserved microenterprises with affordable capital.

The initiative aims to support green and circular economy enterprises across Colombia, Peru, and Brazil, generating jobs and also supporting local communities and Indigenous groups.

The Finnish DFI said the multi-tranche issuance attracted international institutional investors from Asia and Europe.

The investment in ReNew Photovoltaics aims to support India’s efforts to strengthen its homegrown supply chain to meet fast-increasing solar power demand.

Finnfund’s new chair of the board of directors talks to Impact Investor about the development finance institution’s increasing focus on digitalisation, launching the first global emerging markets impact fund in Finland, and the ongoing reform of the Finnfund Act.

The Refugee Investment Facility aims to improve the lives of refugees and their host communities through investments into SMEs driving the economic inclusion of refugees, as iGravity’s Patrick Elmer tells Impact Investor.

ECOM works with smallholder farmers in 40 countries who face the impacts of volatile commodities prices on their livelihoods.