Amazon and USAID Launch Effort to Boost Climate Funding for Women

Amazon and the U.S. Agency for International Development (USAID) are launching a public-private partnership to address the gender inequities that exist for women in the climate finance ecosystem and support female entrepreneurs with the resources they need to accelerate climate change innovations. Amazon will commit a total of $53 million to help accelerate women’s climate solutions, including $3 million toward the USAID partnership and $50 million for Amazon to invest directly in climate tech companies run by women. Amazon will serve as a founding partner of USAID’s Climate Gender Equity…

Read More

USAID Announces up to $200 Million for Research to Combat Tuberculosis

The U.S. Agency for International Development (USAID) launched the Supporting, Mobilizing, and Accelerating Research for Tuberculosis Elimination (SMART4TB) project. SMART4TB, a five-year initiative, will invest up to $200 million, subject to availability of funding, to identify more effective methods and tools for finding, treating, and preventing tuberculosis (TB) in USAID’s 24 priority countries for TB programming. This initiative will build research capacity in high TB burden countries by supporting studies that evaluate novel approaches, interventions, and tools to combat TB–including diagnostic tests, new treatment drugs and regimens, socioeconomic and health…

Read More

USAID announce new partnership with Prevented Ocean Plastic South East Asia

At last months Road to G20 event—held as Indonesia prepares to host this year’s G20 summit—the U.S. Agency for International Development’s Clean Cities, Blue Ocean program; impact-focused investment management firm, Circulate Capital; and Prevented Ocean Plastic Southeast Asia, a pioneering plastic recycling company developing sorting and collection infrastructure to underserved communities across Indonesia —announced a new partnership that will expand collection and recycling infrastructure in Indonesia to generate high-quality, traceable recycled plastic to enter into global markets. The partnership will help generate high quality, traceable feedstocks to help meet the…

Read More

70% of 10-Year-Olds now in Learning Poverty, Unable to Read and Understand a Simple Text

As a result of the worst shock to education and learning in recorded history, learning poverty has increased by a third in low- and middle-income countries, with an estimated 70% of 10-year-olds unable to understand a simple written text, according to a new report published by the World Bank, UNESCO, UNICEF, UK government Foreign Commonwealth and Development Office (FCDO), USAID, and the Bill & Melinda Gates Foundation. This rate was 57% before the pandemic, but now the learning crisis has deepened. This generation of students now risks losing $21 trillion…

Read More

HDFC Bank, Mastercard, USAID and DFC Launch $100 Million Credit Facility for Micro, Small and Medium Enterprises (MSMEs) in India

HDFC Bank, Mastercard, U.S. International Development Finance Corporation (DFC), and U.S. Agency for International Development (USAID) launched a $100 million credit facility to promote and encourage small businesses in India to digitize, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic. COVID-19 has had a disproportionate impact on small businesses, forcing many to close prematurely. Additionally, the accelerated shift to digital payments engendered by the pandemic means that small businesses must adapt to changing market dynamics and consumer preferences to…

Read More