The World Economic Forum’s Humanitarian and Resilience Investing (HRI) Initiative announced today that significant progress has been made in the international effort to mobilize $10 billion to enable 1,000 businesses in frontier markets to scale their operations by 2030. Over 40 partners announced more than 50 commitments to boost impact investment in frontier markets that have the potential to unlock over $15 billion in commercial and catalytic capital.

These commitments follow a Call to Action, announced in September 2023, which aims to respond to the systemic challenges faced by 2 billion people globally living in poverty and insecurity and increase the resilience of at-risk and crisis-hit communities. Read more.