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Weekly update from PND

November 5, 2021

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A weekly update with the latest news from PND

Gates, Citi announce climate action commitments at COP26
November 4, 2021
The Bill & Melinda Gates Foundation, Citi, and others announced commitments in support of climate action on the second day of the United Nations Climate Change Conference (COP26) being held in Glasgow, Scotland.

The Gates Foundation pledged $315 million over three years to CGIAR, a global research partnership focused on the needs of smallholder farmers, in support of efforts to help them adapt to a surge of climate threats that, in turn, are exacerbating global hunger and poverty.
Read more. 

MedStar Georgetown University Hospital receives $50 million gift
November 4, 2021
MedStar Georgetown University Hospital has announced a $50 million gift from Grant Verstandig and the Verstandig Family Foundation in support of the Medical/Surgical Pavilion currently under construction.

Slated to open in 2023, the pavilion will expand the region's healthcare capacity and access to clinical and patient care, including in specialty services—oncology, gastroenterology, neurology and neurosurgery, orthopedics, and transplant.
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South Arts announces $6 million BIPOC arts initiative
November 4, 2021
South Arts has announced the launch of Southern Cultural Treasures, a four-year, $6 million initiative in support of Black, Indigenous, and people of color-led and -serving arts and cultural organizations across the Southeast.

Launched in partnership with the Ford Foundation, which has committed $3 million in matching funds as part of its America's Cultural Treasures initiative, Southern Cultural Treasures is aimed at fostering lasting stability and resiliency among arts communities across the South.
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Opportunity International, Oikocredit invest $100 million in education
November 3, 2021
Opportunity International and Oikocredit have announced a three-year, $100 million impact investment agreement to increase access to, and quality of, education in low-income countries.

As part of the agreement, both organizations will target financial institutions serving the needs of vulnerable populations and provide financial capital and training in support of the development of the education sector in the target markets. The initiative will have an initial near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda, and the collaboration will enable school improvement loans for classrooms, washrooms, dormitories, teachers, and transportation; support school leaders with financial products to make instruction more effective; and provide loans for school fees and tuitions to keep students in the classroom.
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