Humanitarian investing gathers speed at Davos
Devex | Fri, Jan 25, 2019
by Sophie Edwards
DAVOS, Switzerland — Finding ways to channel more private investment into humanitarian settings was a hot topic this year at Davos — the World Economic Forum’s 48th annual meeting in Switzerland — which included the tentative launch of a development impact bond to create jobs for Syrian refugees.
The IKEA Foundation said it will provide €6.8 million ($7.7 million) to fund the outcomes of the bond, which has been put together by impact finance firm KOIS, and aims to help up to 12,000 Syrian refugees and host populations in Jordan and Lebanon earn a living. The development impact bond still needs to attract $20 million from other outcome funders, however, if it is to get off the ground.