In this interview by Forbes with Dr. Rajiv Shah, Administrator of USAID, explores why USAID and Pope Francis both support social impact investing as a means to reduce poverty. Dr. Shah comments:
While USAID is the largest development agency in the world, we can’t do it alone. We need to build the platforms that attract innovation and also tap into the vast resources of private businesses that are investing in regions where poverty persists….
Over 80% of the capital entering the developing world comes from private sources. It has never been more important than it is today to harness the power of private capital in support of social good.
Read the full article here.