Resource Curse Trilogy
Venezuela holds the largest proven oil reserves in the world, and, for decades, petroleum revenues financed public spending, social programmes, and infrastructure, positioning the country as one of Latin America’s wealthiest nations and a regional economic powerhouse. Today, Venezuela stands as one of the most dramatic examples of economic collapse in modern history; hyperinflation, prolonged GDP contraction, mass […]
Capital Allocation Series
Philantrophic foundations are among the earliest and most structurally important actors in impact investing in emerging markets and developing economies (EMDEs). Long before impact investing became mainstream, foundations deployed capital into development-oriented funds, social enterprises and intermediaries operating in EMDEs. Unlike other institutional investors, foundations are not constrained by regulatory capital requirements, balance sheet optimisation […]
Capital Allocation Series
Sovereign wealth funds (SWFs) have become increasingly relevant actors in impact investing in emerging markets and developing economies, although their participation differs structurally from that of foundations, DFIs or commercial asset managers. SWFs are state-owned investment vehicles mandated to manage national wealth over long time horizons, often derived from commodity revenues, foreign exchange reserves or […]
Impact Fund Manager Series
Today, people rely on digital connections more than ever to contribute to the economy, access essential services, and participate in social and political processes. Establishing reliable digital connectivity is a crucial way to foster inclusive development and connect people to economic opportunity. In fact, the World Bank estimates that a 10 percent increase in digital […]
Capital Allocation Series
Global capital markets amount to approximately 288 trillion USD according to aggregated data from the World Federation of Exchanges, the Bank for International Settlements, and S&P Global Market Intelligence, as reflected for example in the BIS Global Debt Statistics. Around 275 trillion USD, or roughly 95 %, is invested in public markets, primarily listed equities and […]
Impact Fund Manager Series
Climate change is reshaping economies, ecosystems, and communities. Human activity plays a key role, as it has significantly altered natural environments and contributed to the consequential stock of greenhouse gas emissions. But in addition to the direct emissions effects, our activity has limited the ability of natural systems to absorb, store, and sequester carbon from […]
Pollution Trilogy
Soil pollution remains one of the least visible yet most consequential environmental challenges of our time. While air and water contamination dominate public debates and policymaking, the slow and cumulative poisoning of soils unfolds silently. Often, the problem is ignored until its consequences become irreversible, creating an invisible crisis that undermines food security, human health, […]
Pollution Trilogy
More than 80 % of the world’s wastewater is discharged into the environment without adequate treatment, carrying chemicals, pathogens, and plastics that threaten ecosystems and human health. Water pollution is often invisible, yet it touches nearly every aspect of modern life, from the products we use to the systems that supply and treat water. Addressing […]
Pollution Trilogy
Air pollution is often described as the world’s invisible killer. Unlike floods or wildfires, it rarely makes front-page news, yet its toll is staggering and persistent. According to the WHO, exposure to polluted air contributes to around 6.7 million premature deaths every year, ranking among the leading causes of global mortality. The State of Global […]
Impact Fund Manager Series
Over the past 30 years, the number of extreme weather events has more than doubled in Latin America and the Caribbean. Climate scientists warn that temperatures in the region are rising faster than the global average. These changes are not just environmental – they are human – disrupting access to clean water, reducing crop yields, […]