Since the term “impact investing” took hold more than a decade ago, we’ve known that making investments that create positive social or environmental impact and generate a financial return would require engagement from both the social and private sectors. However, it wasn’t until 2016 that the extent of the work of international nonprofits in impact investing was revealed, when members of the International Non-Governmental Organization (INGO) Impact Investing Network released their inaugural piece of thought leadership: Amplifyii:The INGO Value Proposition for Impact Investing. That report, featured in the NextBillion post Philanthropy is Changing Fast: 12 Lessons from Three Reports, was the first real landscape report charting the work of INGOs in impact investing. Two years later, the network came back together to release the next chapter of the story of INGOs in impact investing: Amplifyii: The Next Mile of Impact Investing for INGOs.
An Interview with
Bryanna Millis, Senior Technical Advisor, Economic Participation, FHI 360
For more than a decade, FHI 360’s experts have worked to address critical human development issues in Jordan. Our programs encourage long-term economic growth to increase revenue and create jobs, particularly for underserved communities. Bryanna Millis, the Technical Director for the USAID Jordan Local Enterprise Support (USAID LENS) project, explains FHI 360’s strategies to use evidence-based approaches not only to promote but also to sustain economic growth.
The global economic landscape, along with the nature of work, is rapidly changing. More and more people are working outside of a typical office environment and in the gig economy. This is creating new economic opportunities — and challenges. The abilities and aspirations of young people, who now number almost two billion, are often unrealized, especially in the developing world. What is the best way to secure their futures?
We believe that positive youth development interventions can support and empower youth to be more engaged, healthy and productive members of their communities. Meeting young people where they are — whether in person or online — is necessary to build the critical skills and competencies to meet the demands of a growing and evolving economy. Our research shows that positive youth development interventions can facilitate resilience and, when combined with labor market analysis, prepare young people for future employment.
Imagine the following scenario: It’s payday and you want to pick up your salary. But first, you have to navigate a series of deteriorating, hazardous dirt roads to get to the bank. It takes you a few days just to talk to a teller. When you finally do, the teller informs you that the bank is currently out of cash – you’ll have to wait some more. By the time you actually get paid, you’ve had to miss several days of work – and to top it all off, between bank fees (including bribes or unofficial fees to bankers and security guards), the cost of lodging, travel and food, you’ve spent 15 percent of your salary just to pick it up.
Preparing the future workforce requires transformations in what we know, how we learn and how we workWritten by
Artificial intelligence, smart systems, decentralized manufacturing and other technologies are driving major uncertainties around the future of work. Experts from MIT and the World Economic Forum suggest that we are in the midst of a fourth industrial revolution, characterized by new technologies that will affect all industries. As the very nature of work changes rapidly, old jobs are disappearing and new jobs are emerging in every sector of the economy. This has produced a major shift in the demand for skills that is happening worldwide, and we can expect further shifts going forward.
Reducing the lag time between the development of new jobs and the preparation of the workforce to meet new skills needs is a core concern for workers, new graduates, employers and governments. And while the pace of transformation in jobs and skills differ by country and region, evolution along the technological spectrum is taking place everywhere.
Four major famines have taken place so far in 2017, which has renewed attention on the urgent need to address food security globally. However, food security involves much more than responding to famines, and it is closely linked to factors such as governance, which plays a significant role in fragile states and developing countries. FHI 360 held a Facebook Live discussion on how integrating governance, agriculture and food security can benefit food security programs. The conversation was moderated by Gregory Adams, Director of the Locus Coalition at FHI 360, with FHI 360 experts Joseph Sany, Technical Advisor, Peacebuilding and Conflict Mitigation, and Annette Brown, Director, Research and Evaluation Strategic Initiative.
We live in an increasingly volatile and uncertain world. The risks to much of the world’s population that stem from climatic, political and economic fluctuations have played out again and again in recent years. While emergency response and humanitarian aid still have an important role to play, the development community is increasingly interested in how to build the resilience of individuals, communities and systems not only to survive these shocks and stresses, but also to adapt to them and better prepare for future occurrences.
There is no single solution for building resilience, as it is highly dependent on the population in question, the risks they face, local infrastructure and resources, and a number of other factors. However, one tool that has the potential to facilitate increased resilience across a range of contexts is digital technology.
Financial exclusion is a central component of the poverty trap, foreclosing economic opportunities for the “unbanked” and making it almost impossible to start or grow a business. Billions of working people, mostly in Asia and sub-Saharan Africa, lack access to basic financial services, with women, the uneducated and migrants especially disadvantaged.
The microfinance movement in the 1970s realized that giving people — especially women — access to even tiny amounts of credit unleashes individual initiative and that creating the conditions for people to be more self-reliant is inherently empowering. As microfinance programs grew into established institutions and as emerging economies have become more formalized, the disparity between women’s and men’s access to financial services has grown. Today, approximately 58 percent of women have a bank account compared to 65 percent of men. This is not only an indicator of inequality, but it also exposes the fact that more than 35 percent of working people are excluded from opportunities for upward mobility.
The push to advance women’s economic empowerment around the world is not a fashionable procurement exercise. It is not a way for governments, private sector investors or implementing partners such as FHI 360 to look good. It is necessary and urgent. It is a lifeline to women, families, communities and countries struggling with health and food security, environmental degradation, economic growth barriers and political turmoil.
Economic empowerment is a universal human right that protects women and people of all genders and social identities from sexual harassment, exploitation and gender-based violence.