Patient Capital: A Third Way to Think About Aid
International Trade Forum › Num. 4, Octobre 2009
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Résumé
With enterprises ranging from drip-irrigation companies in India and Pakistan to a major manufacturer of malaria-preventing bed nets in Tanzania and women's hospitals and ambulance services in India, Acumen's US$ 40 million portfolio has created more than 22,000 jobs and had a positive impact on more than 30 million people in developing countries. At a time when the debate over foreign aid often pits those who mistrust charity against those who are wary of relying on the markets, Acumen Fund proposes a middle way termed patient capital. Patient capital works with smart subsidies to extend the benefits of a global economy to include all people. Acumen Fund has also developed successful public-private partnerships between entrepreneurs, governmental and non-governmental organizations, and corporate investors in developing countries. Whether it is by finding those innovations that can access the capital markets and government itself or partnerships with major corporations, there is unbelievable opportunity for innovation.
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Extrait
Patient Capital: A Third Way to Think About Aid
"Acumen Fund is a not-forprofit group (but not a charity) that is supported by investors (not donors) who want a good 'social return' on theircapitaL*
FortuneWith enterprises ranging from drip-irrigation companies in India and Pakistan to a major manufacturer of malaria-preventing bed nets in Tanzania and women 's hospitals and ambulance services in India, Acumen's US$ 40 million portfolio has created more than 22,000 jobs and had a positive impact on more than 30 million people in developing countries.At a ...Voir le contenu complet de ce document
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