The CARE - SheTrades Impact Fund: Catalyzing Blended Finance for Gender Smart Investing
Date: Wednesday 11 March 2020
Venue: United Nations Global Compact Headquarters, New York, USA
Representing over 95 percent of all firms, generating around 70 percent of employment worldwide, micro, small and medium sized enterprises (MSMEs) are the backbone of our economies. Despite their economic and social significance, they face a financing gap of approximately USD $5.2 trillion dollars annually. This financing gap is wider for women entrepreneurs; women-led enterprises receive only 3 percent of all venture capital funding. Without access to sufficient capital, women-led enterprises tend to be smaller in size and have difficulties scaling their operations to be competitive in international markets.
How can public-private partnerships be leveraged to a point where multilateral institutions and international NGOs work with governments and private investors to drive finance towards the achievement of the SDGs? Moreover, how would this serve the unmet financing needs of women-led businesses?
The International Trade Centre and Care Enterprises, together with fund manager Bamboo Capital Partners will present the SDG500 Partnership, a ground-breaking impact investment strategy packaging six blended impact funds. These six funds will provide finance for businesses delivering on all 17 SDGs. To mark the occasion of the 25th anniversary of the adoption of the Beijing Declaration and Platform of Action, we will launch the CARE-SheTrades Fund, one of the six impact funds, with a focus on gender equality.
Participants in this high-level, invitation-only roundtable will engage in an interactive discussion around the challenges and opportunities of blended finance vehicles for SDG investing and participate in the launch of the CARE-SheTrades Fund.
This event is co-organized by the International Trade Centre, Care Enterprises and Bamboo Capital Partners.
Co-hosts of this event include: Ms. Dorothy Tembo, Acting Executive Director, International Trade Centre; Ms. Michelle Nunn, Chief Executive Officer, CARE USA; and Mr. Jean-Philippe de Schrevel, Founder, Bamboo Capital Partners. Participating in the roundtable discussion will be Heads of development agencies, Government Ministers and CEOs of private foundations.