World Humanitarian Day: The world needs more impact investing
In 2003, the United Nations created World Humanitarian Day to recognize those who face danger and adversity in order to help others. This year, the United Nations has created a new campaign called “The World Needs More” to literally turn words into aid. By sharing words like #development, #aid and #education on Twitter, users can join in providing much needed aid to agencies and organizations helping in the developing world.
At OPIC, we chose to highlight the importance of impact investing because it can help develop solutions to common social and environmental challenges around the world. For example, with a $3.5 million loan from OPIC, Healthpoint Services Global Ltd. constructed 500 water treatment facilities in rural villages in India’s Punjab state to provide a steady source of clean drinking water. Not only does this project have clear health benefits, but it also brings strong economic benefits. By its fifth year in operation, the project is expected to create approximately 600 permanent jobs that provide extensive benefits such as health care and stock ownership.