DFAT establishes the Emerging Markets Impact Investment Fund (EMIIF)
Today the Department has established the Emerging Markets Impact Investment Fund (EMIIF). This AUD40 million initiative will enhance DFAT’s bilateral investment capability, enabling the use of non-grant finance to crowd in private capital and improve access to finance for small and medium enterprises in the Indo-Pacific. As a central part of its investment strategy, EMIIF will adopt a ‘gender lens investing’ approach that will encourage investment in enterprises that positively impact women. EMIIF will initially target financial intermediaries operating in the Indo-Pacific, with particular focus on Cambodia, Indonesia, Laos, Myanmar, the Philippines, Sri Lanka, Bangladesh, Vietnam, PNG and Fiji.
For more information: Private finance for development