This same approach can be applied to results-based finance for the off-grid market.
How might a well designed results-based finance program for lighting Africa look?
There is a better way for donors and development institutions to light the world, and it is also an innovation in its own right: results-based finance.
When designed well, a results-based finance program does not try to pick winners, does not distort markets, and achieves a very high social return per dollar invested.
While the US relationship with the Islamic world has suffered from the recent inflammatory anti-Islamic film, values-based finance has emerged as an unlikely, yet significant point of connection.
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The idea of results-based finance is simple: instead of financing programs aimed at achieving your goal (whether lighting homes or immunizing children), pay a financial reward for the achievement of the goal and let the market find the best way to achieve it.
Ares Capital Corporation (ARCC) : This New York-based specialty finance company focuses on underserved financing needs of private middle market companies across a variety industries.
John Kariuki is the founder and CEO of AAR Credit Services, a Kenyan-based micro-finance company.
North Wales-based firm Leasedirect Finance Ltd have signed an initial one year deal, with an option for a second.
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In a market-based system of finance, the risk of losing your money is not an avoidable nuisance but a fundamental requirement.
Effectively, SCF is an attempt to embrace modern interest-based commerce and finance, but to do so within a framework of Shariah-approved structures.
Web-based, personal finance management services, similar in purpose to Quicken and Quickbooks software, are increasingly adding travel-related features to their offerings.
Amid the cash-flow problems, DCM's main lender, Canada-based Maple Trade Finance, has taken control of some of the company's assets, said Carole-Ann Miller, Maple Trade's president.
"The most important thing is for Arcelor to let its shareholders decide what should happen, not the other way round, " said Olivier de Guerre, fund manager at Paris-based Phi Trust Finance, which owns Arcelor shares.
The argument is based on the Reconstruction Finance Corp. model of the 1930s.
The bottom line is the world has become more finance-based, according to Bourne.
You could be paying too much in finance charges based on faulty reporting.
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Personal-finance magazines based on the American model, such as France's Investir and Germany's Wertpapier, are already providing the industry with a growing pool of informed and interested investors.
By investing in companies like Grasslands, Fullterton and other impact investors are laying the foundation for new finance-based theories, tools, and metrics to serve the needs of a sustainable economic system.
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Other forecasters, such as the Washington-based Institute of International Finance, which represents banks and other institutional investors, also expect private capital flows in 1999 to remain close to their levels of 1998.
And John Townley-Johnson, chief executive at Houses for Africa, a South Africa-based property development and finance company, travels from South Africa to the University of Chicago's London, Singapore or Chicago's campuses every six weeks.
Amos Hostetter graduated from Harvard Business School in 1961 and convinced his employer, Boston-based Cambridge Capital, to finance a small cable television system in rural New Jersey.
There are some lively-looking committee sessions on offer: the Public Accounts Committee takes a look at the lessons from the previous Government's Private Finance Initiative - based on this National Audit Office report.
And on Thursday two Sydney-based private equity suitors, Allco Finance Group and Pacific Equity Partners , announced their interest in joining the consortium.
Among the recruits is Gautam Gupta, a Goldman Sachs vice president who joined San Francisco-based Uber in business operations and finance in April.
Barbara Diggs, a Paris-based freelance writer specializing in personal finance, offers advice here about how to get the best deal for your rocks.
The government promised to protect the health service, but research by the King's Fund, based on interviews with 45 NHS finance chiefs, raises doubts.
And as China shifts from a manufacturing to knowledge-based economy, expect it to invest in "knowledge based" sectors like insurance, finance and hi-tech software firms.
The minister was also asked about the number of department of finance (DFP) staff based in West Tyrone.
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