Belgian Minister Urges More Public-Private Partnerships For Development Aid Funding

EURACTIV: Belgium highlights pioneering role in linking private sector to aid policy
“Alexander De Croo, Belgium’s minister for development cooperation, made a passionate plea on Wednesday (15 November) for closer synergies between private and public funding for development, using his country’s pioneering experience as an example. … He used the example of Belgium, which recently opened to private investors the capital of Bio, an €800 million investment fund for developing countries. … Another example is the ‘Humanitarian impact bond,’ which Belgium is launching together with some other countries in partnership with the International Committee of the Red Cross (ICRC). In his words, this represents ‘the first-ever impact bond in the humanitarian sphere’…” (Gotev, 11/16).