Donor Impact Report INFRONT

Impact Investing in Frontier Markets (INFRONT) – a pilot project to test a blended finance approach – used public funds to attract private capital via Sarona Asset Management funds and provide technical assistance to small-medium enterprises (SMEs) in emerging markets. INFRONT addressed environmental, social and governance (ESG) issues, created jobs and improved the delivery of goods and services. A Sustainability Innovation Grants (SIGs) program provided financial and in-kind support to SMEs to make their businesses more sustainable.