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  Organized by the International Finance Corporation (IFC), the Impact Investing Challenge provides a unique platform for participants to directly engage with IFC professionals and present inventive solutions to the organization’s senior leadership. With over 150 teams from esteemed institutions worldwide having participated in previous editions, the challenge has tackled pressing topics like “Just and Green Recovery” and “MSME Financing.”
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The 2024 edition of the challenge, calls upon students worldwide to explore the crucial intersection of climate action and gender equality. This year’s focus revolves around addressing the challenges posed by climate change, particularly its disproportionate impact on women and marginalized communities. The IFC encourages participants to devise innovative proposals for designing a debt or equity fund that not only mitigates these disparities but also leverages the potential of green economies to empower women in developing nations.
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Benefits

Participants stand to gain a plethora of benefits from engaging in the challenge:
  • Immersion in the realm of impact investing, guided by the expertise of IFC, the foremost global development institution dedicated to the private sector in emerging markets.
  • An opportunity to showcase innovative ideas on a global platform, with the potential to enact tangible change in developing countries.
  • Exclusive access to master classes on impact investing and impact management, facilitated by IFC professionals, along with training in drafting investment proposals and delivering effective pitches.
  • Finalists will have the chance to travel to Washington, D.C., to present their ideas before IFC’s senior leadership team and participate in an exclusive networking event with IFC management.
  • A two-month paid fellowship with IFC awaits finalists, enabling them to collaborate with investment teams on real-world deals and bring their innovative ideas to fruition.
  • Substantial exposure, enhancement of CVs, and the prestigious title of IFC Impact Investing Challenge Winner await successful participants.

Eligibility

Current World Bank Group employees (staff and consultants) and Category I Relatives of World Bank Group employees are excluded from applying. Category I Relatives encompass relatives by blood or adoption, including parents, siblings, children, aunts, uncles, nieces, and nephews.
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Note

To apply, participants must submit a proposal consisting of a video presentation not exceeding 3 minutes in length, accompanied by a presentation deck to the IFC. Applications are open until April 15, 2024. To apply for this opportunity, click HERE.
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This article was first published on 15th April 2024

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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