Expand the Emerging Markets Impact Investment Fund (EMIIF) from $40.0 million to $250.0 million.
The Government will provide $210.0 million over 4 years from 2023-24 to expand the Emerging Markets Impact Investment Fund (EMIIF) from $40.0 million to $250.0 million. The EMIIF will continue to provide catalytic financing for small and medium enterprises operating in the Indo-Pacific and support the mobilisation of private and multilateral finance for development outcomes, including women's economic empowerment and climate action. The cost of this measure will be met from within Australia's existing Official Development Assistance funding. As the majority of funding will provide equity and loan financing (rather than grants), the measure has a positive impact on the underlying cash balance. Foreign Affairs and Trade |