{"id":980,"date":"2016-09-30T13:22:06","date_gmt":"2016-09-30T12:22:06","guid":{"rendered":"http:\/\/publicfinance.undp.sk\/?p=980"},"modified":"2024-01-12T17:24:38","modified_gmt":"2024-01-12T16:24:38","slug":"undp-alternative-financing-lab-as-a-response-to-the-new-age-of-choice-for-the-development-finance","status":"publish","type":"post","link":"https:\/\/publicfinance.undp.sk\/en\/2016\/09\/30\/undp-alternative-financing-lab-as-a-response-to-the-new-age-of-choice-for-the-development-finance\/","title":{"rendered":"UNDP Alternative Financing Lab as a response to the new \u2018age of choice\u2019 for the development finance"},"content":{"rendered":"<p>Have you heard about <strong>UNDP Alternative Financing Lab (AFL) <\/strong>responding to the new \u2018age of choice\u2019 for the development finance? And did you know that the <strong>very first investor <\/strong>in this AFL-Lab was<strong> the Ministry of Finance of Slovak republic<\/strong>?<\/p>\n<p><!--more-->Ten months ago an <a href=\"http:\/\/europeandcis.undp.org\/blog\/2015\/11\/18\/talking-in-tongues-from-crypto-currencies-to-breaking-blockchains\/\" target=\"_blank\" rel=\"noopener noreferrer\">eclectic group of people<\/a> introduced new financial mechanisms \u2013 blockchain based cash transfers and impact bonds for reducing recidivism to forecast based finance for disasters and peer to peer lending for SMEs emerging into what the ODI calls a <strong><a href=\"https:\/\/www.odi.org\/publications\/10390-age-choice-development-finance-evidence-country-case-studies\" target=\"_blank\" rel=\"noopener noreferrer\">new \u2018age of choice<\/a>\u2019 for the development finance<\/strong>. As a response to this news an <a href=\"http:\/\/europeandcis.undp.org\/blog\/2015\/12\/07\/lets-play-some-leapfrog-with-the-undpcrowd\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alternative Finance Lab<\/a> has been set up in Istabul.<\/p>\n<p><a href=\"http:\/\/publicfinance.undp.sk\/wp-content\/uploads\/2016\/10\/AFL.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-981 size-full\" src=\"http:\/\/publicfinance.undp.sk\/wp-content\/uploads\/2016\/10\/AFL.png\" width=\"540\" height=\"242\" data-id=\"981\" \/><\/a><\/p>\n<p>There is a $2.5 billion gap in funding the current SDGs agenda (even though ODA flows to developing countries continue to increase year on year), therefore AFL is trying to tackle this issue. But AFL is also tickled by the sheer explosion of <strong>money coming from other sources<\/strong> of funding that aren\u2019t high on the priority list of either development organizations or governments: the European alternative finance market grew by 144% in 2015, the global impact investment market is projected to grow over $3 trillion in the coming years, and crowdfunding investments reached $37 billion in 2015 (it is about \u2153 of total ODA totaling $131 billion in 2015).<\/p>\n<p>Several<strong> inspiring cooperations<\/strong> are going on already in Moldova, Ukraine, Serbia, Georgia, Belarus and other countries (mostly in Europe and CIS region). Read more about the topics: Blockchain and development; Preventative finance (social impact bonds and forecast based finance); Crowdfunding in development and other AFL steps in <a href=\"http:\/\/www.md.undp.org\/content\/moldova\/en\/home\/blog\/2016\/9\/28\/UNDP-Alternative-Financing-Lab-the-next-big-thing-is-a-lot-of-small-and-smart-things-\/\" target=\"_blank\" rel=\"noopener noreferrer\">UNDP blog<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Sorry, this entry is only available in Slovak.<\/p>\n","protected":false},"author":3,"featured_media":981,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,7],"tags":[94],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/publicfinance.undp.sk\/wp-content\/uploads\/2016\/10\/AFL.jpg","_links":{"self":[{"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/posts\/980"}],"collection":[{"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/comments?post=980"}],"version-history":[{"count":2,"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/posts\/980\/revisions"}],"predecessor-version":[{"id":2428,"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/posts\/980\/revisions\/2428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/media\/981"}],"wp:attachment":[{"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/media?parent=980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/categories?post=980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/publicfinance.undp.sk\/en\/wp-json\/wp\/v2\/tags?post=980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}