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