British International Investment (BII), the UK’s development finance institution and impact investor, has pledged $10 million to the SDG Outcomes Fund. As an anchor investor alongside the US International Development Finance Corporation (DFC), BII will support the first fund dedicated to development impact bonds in lower and middle-income countries, including Africa and South Asia.
The SDG Outcomes Fund, set up in partnership with UBS Optimus Foundation and Bridges Outcomes Partnerships, employs an innovative blended finance structure to invest in impact bonds and outcomes-based contracts that target essential healthcare, education, employment, child protection, and environmental outcomes. The fund aims to improve the lives and livelihoods of vulnerable populations in challenging sectors.
Opinion: BII’s commitment to the SDG Outcomes Fund reflects its dedication to impact investing and supporting vital development challenges in Africa and South Asia. By investing in projects that promote sustainable and inclusive economies, BII is actively contributing to the achievement of the United Nations’ Sustainable Development Goals.
