Launched in 2019, the HRI Initiative brings together public, private and humanitarian actors to unlock social impact investment in frontier markets - strengthening resilience and delivering measurable benefits for at-risk and crisis-hit communities.
We define frontier markets as a class of market economies that are characterized as (i) Fragile and Conflict-affected Situations (FCS) by the IFC, (ii) the frontier regions of lower to middle-income countries and International Development Association (IDA) eligible countries, (iii) or communities living in lower to middle-income and IDA eligible countries that have suffered from a crisis or are living under conditions that put them at increased risk of one.
Traditional and acute relief efforts always remain necessary in crises, but should be complemented with a market-based response that unlocks investable opportunities at scale to invest in the resilience and recovery of affected and at-risk communities.
Protracted crises, unprecedented climate disasters, ODA drawbacks and recent escalation of conflicts has exacerbated the urgency for more sustainable humanitarian and development responses.
Stronger cross sectoral cooperation and partnerships offer potential to unlock financially sustainable business models that strengthen local economies, and increase the self-reliance and resilience of communities in frontier markets.
The initiative is engaging over 100 partners across the sectors and is providing a platform for the ecosystem to amplify their work.
The network addresses organizational barriers preventing stakeholders from supporting, delivering, and investing in scalable investment opportunities in frontier markets.
A network of 70+ pioneering organizations along the spectrum of impact capital that use commercial or philanthropic finance to measurably impact the most vulnerable populations in frontier markets.
Partners engaged in additional workstreams, and supporting the initiative in various ways.
The traditional aid system is under growing pressure from shrinking budgets, increased scrutiny, and demands for more measurable, lasting outcomes. Fragmented, short-term interventions have exposed the limits of donor-led models, fueling calls for more efficient, locally grounded, and market-driven approaches.
In this moment of urgency and opportunity, the African Development Bank (AfDB) and the World Economic Forum (WEF) present the Humanitarian and Resilience Investing (HRI) Roadmap for Africa, a collaborative strategy to unlock sustainable private sector investment in Africa’s frontier markets. An approach that aligns humanitarian and development priorities with investable opportunities, bridging the gap between capital and community needs.
To operationalize the Call to Action, the HRI Initiative is working with its key communities on three key areas of engagement and supporting its partners to launch complementary workstreams.
Humanitarian and Resilience Investing
A World Economic Forum Initiative