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The December 7, 2023 Finance Champions meeting featured four finance-focused presentations on:

In her November 2021 speech, “A New Vision for Development,” USAID Administrator Samantha Power announced two ambitious goals. One, that USAID will provide at least a quarter of program funds directly to local partners by the end of FY 2025.

Society Development Committee, or SDC, based in Faridpur, Bangladesh, is a microfinance partner of the Feed the Future Bangladesh Livestock and Nutrition Activity, funded by USAID and implemented by ACDI/VOCA. Through this partnership, thousands of people working in Bangladesh’s livestock sector have benefited from microfinance products.

The digital economy offers emerging countries opportunities to accelerate economic growth, increase productivity, reduce inequalities, and support sustainable development, but emerging evidence shows that cyber harassment and other forms of technology-facilitated gender-based violence limits productive economic participation, especially for women.

Accessible finance is vital for small businesses and entrepreneurs. Yet, oftentimes, they struggle to access financing from traditional sources because they lack the knowledge to produce comprehensive financial documentation required by banks. Meanwhile, financial institutions may perceive small businesses as higher risk clients due to their size, limited track record, and insufficient collateral. In many countries, like Rwanda, financial institutions have limited knowledge in the livestock value chain financing opportunities compared to crops value chain.

In rapid response to the abrupt trade disruptions resulting from Russia’s blockade of the Black Sea—a tactic in its war on Ukraine, the U.S. Agency for International Development (USAID) launched the Agriculture Resilience Initiative (AGRI)-Ukraine. AGRI-Ukraine is critical to supporting Ukraine’s export and agricultural sector needs, which are expected to remain vulnerable to the Russian Federation’s aggression in the months and years to come.

A level legal playing field in employment, entrepreneurship, and access to and control of resources is an essential component of women’s economic empowerment (WEE). Government laws and business policies can restrict or remove impediments to women’s ability to fully and independently participate in the economy. Additionally, laws and policies that support women’s economic empowerment create the basis for legal recourse and consequences for violations.

The Finance Champions group was established in March 2023 with the aim to share innovative approaches being tested by USAID Missions, Bureaus and Independent Offices and to exchange learning on the topic of mobilizing finance in development. This group, which is internal to USAID, meets every six weeks, and has grown from an initial group of 20 to 160 members.

Developed through a partnership between the USAID and Mastercard, Project Kirana focused on helping women micro entrepreneurs gain the tools they need to grow their businesses in India. Project Kirana recognized the complex set of problems encountered by women micro entrepreneurs in India: limited business and digital financial capabilities, and limited access to formal financial services. By equipping women entrepreneurs with the knowledge and tools they needed — including financial and digital literacy expertise, business management skills, and strategies for addressing cultural barriers — over 2,500 women were able to grow their small retail businesses and increase their incomes.

Around the globe, communities are faced with complex challenges and facilitating and sustaining peace remains of critical importance. While peacebuilding programming is implemented throughout the world, little is known about the overall impact and return on investment of these programs. Historically, program evaluations in this field (and in international aid and development broadly) have offered information on outputs, for example the number of people who participated in training, but this information remains insufficient to truly understand the impact.

To address the lack of food safety certifications available at the SME level and validate the implementation of project trainings, Feed the Future Business Drivers for Food Safety designed the BD4FS Pre-HACCP Validation Badge program. Working with growing food businesses (GFBs) interested in earning a Validation Badge, BD4FS held specialized trainings, offered technical assistance, and organized a professional food safety audit of 21 Senegalese GFBs.

Lack of access to finance is universally regarded as one of the most significant constraints to economic development. Without affordable and appropriate capital, Northern Kenyan individuals and micro, small, and medium enterprises (MSMEs) are prevented from participating in the formal economy, capitalizing on business opportunities, investing in their livelihoods, and responding to shocks, such as natural disasters.

This blog was originally posted on Climatelinks as a collaboration during COP28.

Safe food supports national economies and global trade, in addition to contributing to food security, nutrition, and sustainable development. Governments can facilitate a culture of food safety by creating clear food safety regulations, policies and an enabling environment where small and medium-sized enterprises can thrive. Ethiopia’s government has been continuously upgrading its food safety laws and regulations to meet the requirements of both international buyers and its fast-growing food retail and wholesale establishments.

What if I told you that the financial sector has been favoring the wrong gender - that often women entrepreneurs are a better credit-risk than men and their businesses have higher returns?

In agricultural market systems development (MSD), a crucial debate has emerged—whether to adopt a crop-agnostic or a value chain-specific approach. Day 2 of the 2023 Market Systems Symposium explored this debate with insights from experienced professionals, shedding light on the complexities and considerations within this strategic decision-making process.

In a three-part blog series, we share lessons on the process of evaluating the Cambodia Feed the Future Harvest II program focused on what systemic changes the program made progress on in the horticulture sector. (Full report here). The lessons are:

In this three-part blog series, we share lessons on the process of evaluating the Cambodia Feed the Future Harvest II program focused on what systemic changes the program made progress on in the horticulture sector. (Full report here). The lessons are:

If you’ve ever tried to evaluate the extent of system change, you know it’s a fascinating—but tricky—process.

Have you ever wanted to see where USAID provides funding, or what USAID invests in?

This post was written by Habitat for Humanity's Terwilliger Center for Innovation in Shelter and was Originally Published on the Vikāra Institute's website.

Does economic growth improve food security? The short answer is no. Although mainstream economics suggests that sustainable economic growth is essential for ensuring global food security, empirical evidence is mixed, at best. Over the past decade, the world saw notable economic growth with decreasing global economic inequality between countries, yet food insecurity continued to rise.

This post was written by Habitat for Humanity's Terwilliger Center for Innovation in Shelter and was originally published on the Vikāra Institute's website.

Start-ups and fast-growing small and medium enterprises (SMEs) need financing to grow—and that financing must be affordable. Yet, the return on investment that finance providers, such as banks and investors, require (to cover their costs and risks) often exceeds what SMEs can afford.

Niger, a landlocked country in the Sahel, faces numerous threats such as terrorism and climate change. As more than 80% of Nigeriens rely on subsistence agriculture, increasing food security and resilience through access to finance for agriculture sector actors is essential to combat the threats the country faces.