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Jose talked about the need to drive finance towards a new economic model which has been reinforced by Covid-19. As a bank they have focused on the employees, clients and their communities and ensuring continued resilience and agility. While banks were part of the problem in the 2008 financial crisis, this time he sees banks as part of the solution. Standard Chartered has put USD1 billion towards frontline sectors and also created a fund of USD50 million towards those most hit by the pandemic.

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Blended Finance was discussed as an alternative investment that supports a project before it reaches full commercial viability.

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Angel investors, while still nascent in Asia in comparison to the West, play an extremely important role to plug the gap for funding enterprises that do not qualify for traditional funding methods. When start-ups are in the very early stage

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In recognition of the urgency of the climate crisis there are a number of businesses being developed in the region looking at how to mitigate the impacts of climate change.

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This session focused on how the philanthropy sector can and should use its position of privilege to uncover innovative solutions and then provide visibility and capacity building that can bring these innovations to scale.

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This panel explored how philanthropists and implementing organisations can address root causes of complex

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In the face of COVID-19 the philanthropy sector has had to rapidly adapt to the urgent needs of their grantees and broader communities.

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While it has been a challenging time as organisations are forced to respond rapidly and with more flexibility than ever before it has also proven that even legacy foundations can adapt.

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Dr. Andreas Schleicher of OECD highlighted the urgency of changes needed in education to prepare learners with knowledge

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Somewhere between USD300 billion and USD1 trillion is raised per annum via Zakat (the 2.5% of unused saving Muslims donate to charity).

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The session presented an interesting blend of perspectives from funding organizations to social enterprises in the field of youth skilling.

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SMEs are economic engines in both developed and developing economies, and have a foundational role to play in the climate challenge in the years ahead.

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