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UBS says $100 million blended finance initiative receives new backers

Published 07/20/2023, 02:42 AM
Updated 07/20/2023, 02:45 AM
© Reuters.
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ZURICH (Reuters) - British and U.S. development finance organisations have agreed to be anchor investors in a new $100 million private-public finance initiative led by UBS' philanthropic arm and non-profit Bridges Outcomes Partnerships, UBS (SIX:UBSG) said on Thursday.

Initial investments in the initiative, focused on delivering Sustainable Development Goal-aligned outcomes, would support government-backed initiatives to support education in Sierra Leone and Ghana, as well as a social enterprise to re-sell and recycle plastic waste in Nigeria, UBS said in a statement.

 

 

 

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