SINGAPORE, 2 October, 2017 – IIX announces the signing of a letter of engagement with Pacific Trade Invest Australia (PTI Australia), the lead trade and investment promotion agency in the region, to catalyze growth of the impact investing market across the Pacific Islands. Drawing on PTI Australia’s extensive network in the region, IIX will begin to effectively build the market for impact investing beginning in aquaculture and agriculture sectors with plans to expand the ecosystem deeply across sixteen pacific island countries and the surrounding oceans. This understanding between IIX and PTI Australia aims to drive economic growth in the region while highlighting the potential of women-focused enterprises in the agriculture, ecotourism and fisheries industries.
Chad Morris, General Manager, Investment & Tourism, PTI Australia said that he welcomes formalizing the relationship between the two initiatives. “IIX is achieving great things in the impact investment space. I’m excited about the opportunities formally strengthening our relationship brings for the people of the Pacific Island countries.”
IIX Founder, Durreen Shahnaz, expresses, “The Pacific is a region brimming with innovative companies tackling the pressing social and environmental challenges of today. IIX is beyond excited to work with leading institutions to strengthen the impact investing movement and apply a multi-stakeholder approach to sustainable development across the pacific island countries that are some of the most vulnerable countries in the world.”
IIX officially extended its reach into the Pacific earlier this year working in the fisheries sector and then expanding its involvement with support from PTI Australia and Pacific Readiness for Investment in Social Enterprise (Pacific RISE). Pacific RISE is an innovative initiative of the Australian Government established to pioneer and facilitate a social impact investment market in the Pacific. With the support of Pacific RISE, IIX has facilitated an accelerator program with Australian Business Ventures and are looking to support impact enterprises with a gender lens. Together, Pacific RISE and IIX also educated global investors on the potential of impact investing in the region through an online webinar series. Both PTI Australia and Pacific RISE are supported by the Australian Government via the Australian Department of Foreign Affairs and Trade (DFAT).
About IIX: Impact Investment Exchange (IIX) is a Singapore-based impact enterprise that builds pathways to connect backstreets of underserved communities to the Wall Streets of the world through impact investing. IIX investment platforms and innovative financial products enable impact enterprises to accelerate their business and scale their positive impact, while pushing the impact investing space from the margins to the mainstream. To date, the work of IIX has spanned 20 countries and continues to expand with the mission of unlocking US$5.6 billion of impact investment capital, impacting 300 million lives by 2022.
About Pacific Trade Invest Australia: Founded in 1979, Pacific Trade Invest Australia (PTI Australia) is an Australia’s Department of Foreign Affairs and Trade (DFAT)-funded Pacific Island agency that creates jobs in the Pacific Islands by facilitating trade and attracting impact investment into the region. With an extensive network and a deep understanding of the Pacific Islands, PTI Australia supports private sector growth to reduce aid reliance, making long-term, sustainable improvements to the region’s economy and the livelihoods of Pacific Islanders.
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