Is Cash Better for Poor People Than Conventional Foreign Aid?

The Associated Press reports on the DIV Fund’s launch with $48M raised and a focus on funding highly effective interventions that can sustainably scale beyond aid.

A new Devex feature reports on how the DIV Fund is rebuilding the “front door” for development innovation — with a $48M launch budget, a proven staged funding approach, and a mission to scale what works for people living in poverty.

The DIV Fund formally launches today as a new, evidence-driven open innovation fund for global development, designed to test and scale solutions with the potential to cost-effectively improve millions of lives worldwide.