Development Impact bonds

/Tag: Development Impact bonds

Social financing will revolutionise philanthropy in South Asia

2020-03-16T09:47:08+00:00February 23rd, 2018|2017/2018, SPOTLIGHT, UK Edition - March 2018, Year|

New approaches to charitable giving, such as innovative finance and impact bonds, are crucial to achieve impact at scale in countries like India. South Asia is home to 20 per cent of the world’s population. It is also home to 33 per cent of the world’s poor who live on less than $2 a day (World Bank 2016).  Some of the major challenges facing South Asia remain persistent: poverty, illiteracy, youth unemployment, gender inequality, trafficking, child labour and mental illness. To tackle this widespread poverty [...]