New Delhi: GST or the Global Steering Group for Impact Investment has announced the launch of a task force of Latin American impact investment leaders to explore a ‘Fund of Funds’ model for supporting social and environmental impact investment in the region.
A media release said the Latin America Impact Fund of Funds (LIFF) Task Force will determine the feasibility of a USD 1 billion Fund of Funds to drive social and environmental impact in 20 countries across Central and South America.
The GSG, the release said is incubating two similar-sized initiatives in India — the India Education Outcomes Fund and the India Impact Fund of Funds.
As per estimates, about 40 percent of the population in Latin American countries live in vulnerable conditions. As many as 115 million people live in informal urban settlements and more than 80 million are affected by insufficient water supply and sanitation.