Alessandro Maffioli is Managing Director of Development Effectiveness at IDB Invest. During his years of at the IDB Group, Alessandro has coordinated various impact evaluation projects for agricultural development, technology and innovation, small and medium-sized enterprises, and access to credit. Previously, he worked for five years at the Center for Latin American Studies and Transition Economies at Bocconi University, where he specialized in innovation economics and regional economics. Alessandro has a doctorate in production and development economics from the University of Insubria, in Italy.
Multilateral development banks play a critical role in catalyzing private sector investment towards impact, which calls for robust impact management approaches. In addition to sharing how we do it (impact management practice), reporting on how we are doing (impact performance) is an essential element of our Impact Management Framework at IDB Invest, which we do annually through our Development Effectiveness Overview.
“Build back better” or “build forward better” — no matter how you phrase it, turning mounting investor interest in sustainable and impact investing into action is a must for any COVID-19 recovery scenario. Impact management is another key to making sure this push to action is done both effectively and with integrity.
Over two years ago citizens of the United Kingdom voted to leave the European Union, a decision which has been playing out on the global stage ever since . While the Brexit referendum unleashed a wave of uncertainty that seems to be growing as negotiations continue, other public votes such as the referendum to expand the Panama Canal, have had the opposite effect.
A new private sector In his recent annual letter to CEOs, Larry Fink, the founder and CEO of the investment firm BlackRock, called on companies to incorporate both profit and purpose into their business strategies. “Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”
After IDB Invest’s Sustainability Week 2019 in June, we distilled some key takeaways for the private sector on the Sustainable Development Goals. Here’s what we found.
To progress towards meeting the Sustainable Development Goals, multilateral development banks help mitigate risk and pave the way for other investors to enter new markets.