Empowering Australia’s Development Future: Unveiling Australian Development Investments (ADI) for Enhanced Global Impact

On August 8, as part of its response to the recommendations of the Australian Development Finance Review, the Australian Government has established Australian Development Investments (ADI). This announcement reflects a significant increase in Australia’s development investment capacity and the central role ADI will play in expanding the Australian Government’s blended finance capability. ADI builds on the successful Emerging Market Impact Investment Fund pilot, which has demonstrated the power of crowding in private capital for development impact. ADI will maintain all of EMIIF’s existing assets and interests, delivery partners and governance systems. ADI’s expanded AUD 250 million investment cap and focus on climate and gender impact in the Indo-Pacific will see it play an increasingly important role in achieving the Australian development program’s objectives.