Maureen Harrington,
Director, Corporate and Investment Banking, Standard Bank, New York
Moderator:
Betsy Zeidman, Director, Center for Emerging Domestic Markets, and Research Fellow, Milken Institute
Amid the recession, traditional models of poverty alleviation (charitable giving and government aid) are being supplemented (and in some cases, supplanted) by innovative partnerships and novel blends of public, private and philanthropic capital. A new generation of social entrepreneurs and financiers is demonstrating that their investments can generate financial returns and social impact simultaneously, spurring real economic growth that creates sustainable prosperity. Program- and mission-related investing strategies, for example, provide foundations alternate tools to advance their goals; loan guarantees facilitate the flow of additional capital to urgent needs; public-private partnerships help stretch the funds to meet the demand. During this session, leaders in social finance describe how they are weathering the economic downturns and what tools enable them to do well while doing good.
Global Conference 2013
Former Prime Minister Tony Blair, philanthropist Bill Gates and Strive Masiyiwa of Econet Wireless discuss advancing prosperity in Africa.
