Public and private sector leaders plant seed for forum on innovative finance for humanitarian purposes
Public and private sector leaders plant seed for forum on innovative finance for humanitarian purposes
16 March 2020
IFFIm Chair Cyrus Ardalan
London, 16 March 2020 - Participants from 13 organizations ranging from legal and investment firms to Gavi, IFFIm, Red Cross, the UN and the World Bank gathered in central London on March 2 to explore creating a forum for public and private users of innovative finance. During this initial roundtable discussion, participants from the development, financial services and other sectors shared their experience implementing innovative finance tools to raise funding to address a variety of immediate and future challenges facing the world.
Hosted by IFFIm Chair Cyrus Ardalan, the group meeting provided an opportunity for organisations interested in developing innovative finance solutions to ask questions and meet professionals able to provide guidance and share lessons learned.
Participating in a standing room only conference room and via conference call were more than 30 representatives from IFFIm and Gavi, Red Cross Movement, Vision Catalyst Fund, WSSCC, a UN impact investment advisor, Citibank, Aon, White & Case LLP, the World Bank, Reed Smith LLP, DFID and Bluekeep Investments.
“The response to this initial exploratory meeting has been above and beyond what we expected,” said Mr Ardalan. “Clearly there is great demand and enthusiasm in ways to harness the private sector with public funding. As Gavi and IFFIm have learned, innovative finance is a model that works. It has the power to impact many challenges facing our world, from global health to climate change, water and food insecurity, poverty, education and other urgent needs.”
The group is currently planning to reconvene with a fall meeting aimed at going more in-depth on some of the ideas discussed on March 2.
Photos: Carol Piot.
Philip Brown, Citibank
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