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Refugee Investment Network Launches to Promote Economic Growth in Refugee Communities

Refugee Investment Network Launches to Promote Economic Growth in Refugee Communities
The Refugee Investment Network (RIN) launched on World Refugee Day to promote economic growth and stability in refugee communities.
Connecting Investors to Refugee Entrepreneurs
To achieve its goals, the Refugee Investment Network (RIN) is connecting investors to refugee entrepreneurs, thereby supporting the over 70 million displaced people in the world. As a result, refugee communities will enjoy more job opportunities, improved livelihoods, and economic growth.
“We know well the profound contributions and immense untapped potential forcibly displaced people bring to communities that welcome them. The launch of the RIN and the growing community of investors representing the full capital continuum is an important stepping stone to helping the rest of the world see that too,” said RIN’s founder and Managing Director, John Kluge.
The RIN was established to solve the challenges refugees face from under-investment and restrictive labour laws despite their potential as entrepreneurs and employees.
Tim Docking, RIN Managing Director, explained:
“Investors are looking for a way to invest in and with refugees. The RIN is helping to bridge the gap between refugee investments and the capital they need to grow.”
Partnerships
The RIN’s founding partners include The Rockefeller Foundation, the Open Society Foundations, USA for UNHCR, and the Patrick J. McGovern Foundation. The RIN has also collaborated with the Economist Intelligence Unit on the Refugee Opportunity Index (ROI), a tool that incentivises governments to make policy reforms that promote inclusive economies.
“The RIN platform allows philanthropists to stand together with development agencies, private investors, and entrepreneurs to support displaced persons to realize their potential – and to support self-reliance and meaningful livelihoods for refugee populations,” said Vilas Dhar, Trustee of the Patrick J. McGovern Foundation.
The RIN has also created the Refugee Lens which is “an investing framework and criteria for sourcing businesses owned by or supporting refugees or their hosts.”
The RIN launched at The Rockefeller Foundation in New York City. Some of its other partners include Village Capital , Kiva , and 17 Asset Management .
BanQu is another organisation besides the Refugee Investment Network that is improving the economic status of refugees.
The post Refugee Investment Network Launches to Promote Economic Growth in Refugee Communities appeared first on BitcoinAfrica.io .

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