Sri Lanka launches first social impact funds

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Two Memoranda of Understanding were signed Wednesday in New York, launching Sri Lanka’s first social impact funds aimed at supporting social entrepreneurs access innovative financing, to help achieve the 2030 Agenda for Sustainable Development. The signings were witnessed by Mr. Tilak Marapana, Minister of Foreign Affairs, Government of Sri Lanka, and Mr. Achim Steiner, UNDP Administrator, at a special side event, at the 73rd session of the United Nations General Assembly.

The two MoU’s – one for a US$ 5Mn Social Enterprise Fund (SEF) and one for a US$ 20Mn Social Impact Capital Fund (SICF) – were signed by Mr. Chandula Abeywickrema and Mr. Deshan Pushparajah respectively, and by Mr. Haoliang Xu, Assistant Administrator and Director of UNDP’s Regional Bureau for Asia and Pacific.

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