Marketplace for Innovative Finance for Development (MIF 2010)
- 4 Mar 10>5 Mar 10
The Agence Française de Développement (AFD), the Bill & Melinda Gates Foundation and the World Bank co-host an international Marketplace on Innovative Financial Solutions for Development (2010 MIF) to be held in Paris on March, 4-5 2010 to the conference center of la Cité des Sciences et de l’Industrie (la Villette), Paris, France.
The 2010 MIF, seeks to garner and highlight fresh ideas on the use of innovative financing mechanisms to solve development challenges at local, country, regional, or global levels, with the goal that successful innovations may be scaled up and replicated. It is dedicated to smart, fine-tuned, innovative financial mechanisms formobilizing, channelling, and spending funds for development issues.
The conference will invite to knowledge sharing by a wide range of practitioners and policy makers from developed and developing countries involved in development finance, including established and emerging donors, financial institutions (banks, asset managers,…), private sector actors (civil society, philanthropic organizations, for profit and social entrepreneurs), development academics and think tanks, developed and developing country governments, etc.
Three objectives
– Advance the agenda on innovative financial solutions for development;
– Facilitate knowledge-sharing and learning, including South/South learning, about which approaches work, which don’t, and how to design solutions to maximize impact and cost-effectiveness;.
– Spur the evolution of cutting-edge projects that apply innovative financial mechanisms to development challenges.
More details
The MIF will provide space for showcasing initiatives, for networking and exchange of ideas and for discussion and policy debate on concrete prospects for further use of innovative technique to finance development.
One of the backbones of the event is a competition launched ahead of the MIF, for innovative financial solutions to concrete development problems. Proposals are to be submitted by 23 November 2009. Finalists will be invited to present their proposals at the MIF. Up to five grants will be awarded. More details are available on this website, please download the competition guidelines. In the current global environment, the development community, both in the developing countries and at the international level, need to intensify their search for ways to increase the volume of financial flows devoted to sustainable growth and poverty reduction of developing countries and to enhance their impact on the ground.