MEDA Blog - Stories from the Field
Majid Mirza has been working in development and impact investing since he completed his Masters from the University of Waterloo in 2009. As Senior Project Manager, Global Programs, Majid’s primary responsibility has been leading MEDA’s INFRONT (Impact Investing in Frontier Markets) project since August 2016. Majid is also a member of the MEDA’s Investment Technical Team and represents MEDA in CAFIID (Canadian Forum for Impact Investing and Development).

Differences that make a difference: how companies manage grants differently from NGOs

The international development community is accustomed to project implementation taking place in-field by local Non-Governmental Organizations. As such, there are certain norms and expectations which have developed over the decades. With increased investment in blended finance models and grant-based incentives being awarded to private-sector entities, it is important to understand some of the major differences between how commercial entities manage ESG (Environmental, Social, Governance) grants as compared to traditional NGO implementation. In our work through INFRONT and other experiences of the Investment Technical Team, we have seen that there are 3 major areas where commercial entities differ from NGOs in this respect.PAVE FGD

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