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On Monday, December 13, 2010 The Center for Global Development was delighted to host More than Money: Impact Investing for Development. The event featured author John Simon, Visiting Fellow at the Center for Global Development. Wendy Abt, Deputy Assistant Administrator, USAID Bureau of Economic Growth, Agriculture and Trade and Randall Kempner, Director, Aspen Network of Development Entrepreneurs served as discussants at the event. Vijaya Ramachandran, Senior Fellow at the Center, moderated the event.
Impact Investing—seeking positive social and financial returns—is generating tremendous interest in the financial and foundation communities as a new, more effective way to achieve development. Can it really change the development dynamic for the good, and can impact investments really fight poverty while they generate returns for well-heeled investors? In a new CGD report, More than Money: Impact Investing for Development, John Simon, former OPIC Executive Vice President and US Ambassador to the African Union, and coauthor Julia Barmeier explore the potential and pitfalls of impact investment. The event will include a discussion of their recommendations for practitioners, development finance institutions, and regulators.
Please click here to download a copy of the report.