Impact investment is often seen as a panacea to the challenges of aid and philanthropy, driving capital to socially positive projects that would otherwise not be financed. As the field matures, however, practitioners are starting to recognize some of its challenges.
The enthusiasm around impact investing means that we have often overlooked where its promise has gone unrealized. Given the tremendous potential of the field, we need to get it right – both to seize a unique and timely opportunity, and to avoid some of the pitfalls that have mired its predecessors, aid and philanthropy.
It is time for a course-correction.Read More