Paying For Results: A New Approach to Mobilizing Finance for Development
What does a smallholder farmer looking to buy a $750 walking tractor and a multinational company looking to build a $500 million power generation plant in Africa share in common? They both need access to financing in order to make those investments. This month’s Microlinks seminar will explore new ways to facilitate the flow of private capital to support development goals.
This month, we will discuss a working paper from the Center for Global Development on the effectiveness of different models for stimulating private capital. We will also cover new innovations in Development Impact Bonds. And, we will present a promising approach in Ghana using pay-for-performance incentives to stimulate loans and investment in agricultural value chains--with some eye-opening results.
Join us December 17 to see how these approaches can be incorporated into programming and project design. If you will be in Washington, DC, join us at 8:30 AM for breakfast! It’s a great opportunity to network and chat with other people in the field.
Lawrence Camp is a Senior Adviser with USAID, primarily
focused on innovative strategies for mobilizing private financing for development objectives. He has long experience in commercial banking and structured finance as Vice President and Group Head, and subsequently as Chief of Party of USAID projects. He is a graduate of Princeton University and the American Graduate School for International Management.
Theo Talbot is a Senior Policy Analyst with the Center f
or Global Development’s office in London. His work focuses on finance for development, with an emphasis on contracts and financing structures that enable development actors to deliver social returns by collaborating effectively with the private sector. Theo grew up in India and Ethiopia and has a Bachelor’s in economics, finance and politics, and an M.Sc. and Ph.D. in economics. During his Ph.D., he was an Overseas Development Institute (ODI) Fellow in the Pacific, where he worked as an economist for the Government of Vanuatu. Before joining CGD, he worked at the Ministry of Planning and Investment in Hanoi.
Amanda Fernandez is currently Senior Manager
for CARANA Corporation, providing strategic direction to global economic growth projects, including USAID’s Financing Ghanaian Agriculture Project. Ms. Fernandez has been in the economic growth field for more than 20 years as a donor, an implementing partner, and a private consultant. She previously served as a Deputy Chief of Party and Chief of Party for USAID’s Productive Network I and II projects in Ecuador, overseeing investment facilitation, financial services and gender work. Prior to joining CARANA, she served as Regional Economic Advisor for USAID West Africa, as a Program Officer for the Annie E. Casey Foundation, funding financial inclusion and community economic development programs, and as Catholic Relief Services’ Regional Technical Advisor for Microfinance, covering the Middle East, North Africa, the Balkans and Eastern Europe. She has authored several publications for USAID, including DCA impact briefs, gender impact analyses, case studies and opportunity guides to promote shared-value financing and investment opportunities in Africa and Latin America.
Adam Bornstein recently joined USAID as a Senior Ad
visor in Innovative Finance with the U.S. Global Development Lab. He previously worked at The Global Fund to fight AIDS, TB, and Malaria as a Manager in Innovative Health Financing, based in Switzerland. At the Global Fund he was responsible for developing and structuring alternative funding products, working with government ministries, the private sector and civil society to identify sustainable pools of health financing. He formerly served as the International Finance Corporation’s resident representative in Mongolia and Senior Vice President at CDIB Capital, a Hong Kong-based US$1 billion private equity fund where he was responsible for direct investments in private and public companies across Asia. In the past he founded an early stage venture capital fund in Shanghai, consulted for Booz Allen, and had a hand in starting and managing Boom.com, Asia's first online stock brokerage. Adam holds an MBA from Boston University Graduate School of Management and is conversant in Mandarin Chinese.