BIO Signs DFI Gender Finance Collaborative
On April 6th, 2018, CDC group launched the DFI Gender Finance Collaborative.
The DFI Gender Finance Collaborative supports the development of shared financing principles, definitions and methodologies that promote the integration of “gender smart” decision-making into our investment processes and our own operations. The Collaborative currently consists of 14 DFIs plus the European Investment Bank (EIB).
EDFI member institutions are now committed to taking the next step towards mobilising capital to advance women as leaders, entrepreneurs, employees and consumers, using gender-smart approaches and achieving more pipeline and / or better commercial outcomes.
They have committed to:
- Adopt with immediate effect the 2X Challenge Criteria as an EDFI Standard for voluntary reporting on financial volumes committed to gender-smart investments,
- Cooperate towards adopting a set of indicators, aligned to the 2X Challenge Criteria, as the shared standard for reporting gender-smart investments, and introducing joint EDFI reporting, as appropriate,
- Develop new mechanisms for gender finance co-investment,
- Promote increased participation by women in leadership roles among our investees, including funds, financial institutions and investee companies.
Money is getting greener. The superlative in sustainable investing today is "impact investing". A growing global market that is already worth more than $700 billion.
Article originally appeared in MT Magazine in Dutch.
A group of international investors announce the successful first closing of the Incofin India Progress Fund (IPF) with USD 60 million of commitments. The fund will make private equity investments in the Indian agri food value chain and in financial inclusion for rural entrepreneurs in India. The committed capital comes from a diverse set of private and institutional investors including Korys, CDC, Proparco, the Belgian Investment Company for Developing Countries (BIO), the SDG Frontier Fund, the King Baudouin Foundation and several Belgian family offices.
The Belgian Investment Company for Developing Countries (BIO) agreed with SDB bank, a pioneering provider of financial services, to take up a 10% share of the bank, amounting to Rs. 925 million at Rs. 51.50 a share, via SDB bank’s Secondary Public Offering (SPO).