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Blended finance see providers of public money - typically government aid departments, development finance institutions or charitable donors - agree to accept more risk in a fund to encourage private sector investors to join. The money raised through blended finance funds is a fraction of what's needed. The new 25-year SDG Loan Fund is structured so that FMO takes the first loss should the loans turn sour. Private investors, which include Allianz and Skandia, will be the last to lose money. But this loan fund structure ensured "everyone's interest is aligned," she said, noting that private investors can start getting their money back when loans begin amortising in a few years.
Persons: Tilman Blasshofer, FMO, That's, Nadia Nikolova, Nikolova, Nic Wessemius, FMO's, Wessemius, Tommy Reggiori Wilkes, Simon Jessop, Mark Potter Organizations: Allianz Global Investors, REUTERS, MacArthur Foundation, LONDON, Private, Allianz, Skandia, FMO, Reuters, concessional, Investment, Thomson Locations: Frankfurt, Germany, Dubai
So when Yale released its happiness class for free online, I decided to give it a try. The 10-week class, called "The Science of Well-Being," is taught by Laurie Santos, a professor of psychology and cognitive science. She starts the class by addressing why the things we want in life don't actually make us happy. Money ≠ happiness. Be more mindful about how you spend moneyLater in the class, Santos interviews Elizabeth Dunn, a happiness researcher and the co-author of "Happy Money."
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