Devex Examines Roles Of Innovative Financing, Social Entrepreneurs In Development Sector Amid COVID-19

Devex: Accelerating impact: COVID-19 and the future of outcomes-based financing
“Development and aid contracts need to be reformed in the pandemic era to allow for crisis-related contingencies after COVID-19 forced numerous development projects to adopt remote and virtual approaches, experts said at an event co-hosted by Devex and UBS Optimus Foundation. … Panelists from the UBS Optimus Foundation, World Bank, United Nations Children’s Fund, Instiglio, and the U.S. International Development Finance Corporation also reflected on the pressing need to find innovative funding tools that stimulate real impact on the ground both during the pandemic and beyond…” (9/28).

Devex: Social entrepreneurs band together for a seat at the COVID-19 response table
“Ahead of the United Nations General Assembly, the COVID Response Alliance for Social Entrepreneurs launched an action agenda outlining ways to support social entrepreneurs during the COVID-19 crisis and beyond. … As social entrepreneurs respond to the COVID-19 crisis all over the world, efforts to support them leading up to UNGA 75 demonstrate growing recognition of the value they can add in the immediate response and in an inclusive recovery…” (Cheney, 9/28).

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