FT - How banks can help the world's poor

 The former CFO of the Bill and Melinda Gates Foundation, Alexander Friedman, writes in the FT and suggests four straight forward steps to engage mainstream capital into the world of impact investing.  The four steps are:

• Foundations allocating a percentage of their endowed assets to impact investing.
• Private banks and wealth managers could encourage their clients to work with existing foundations rather than set up their own and to look at the potentials for co-investment.
• Banks should develop impact sector financial products and then use a tiny percentage of their balance sheet to participate in them.
• Governments should introduce tax incentives that support positive impact both nationally and internationally.

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