Vice Chair Anne Finucane and Water.org’s Matt Damon & Gary White talk investing in water and earning a return

On World Water Day, Bank of America Vice Chairman Anne Finucane joined Water.org founders Matt Damon and Gary White on CNBC’s Squawk Box to discuss how our innovative partnership scales solutions to providing clean water and sanitation to millions around the globe.

One in 10 people lack access to clean water and sanitation across the globe. This isn’t just a health issue, it’s also an economic one. In many countries, families, and in particular women, routinely spend hours a day collecting water - keeping them from earning an income and away from their everyday lives.

Bank of America was proud to first support Water.org through philanthropy, but soon realized it could do more. To scale the solution, Bank of America committed to providing a $5 million zero-interest loan to WaterEquity’s WaterCredit Investment Fund 3 (WCIF3)- a $50 million fund projected to provide safe water and sanitation services to at least 4.6 million people in South and Southeast Asia during its seven-year term. Through WCIF3, accredited investors can get a moderate return while also helping others.

This is all part of Bank of America’s responsible growth strategy and it is helping us grow the business while driving social and economic progress. “It’s finding innovative ways to deploy capital and activate partnerships to fuel social and economic progress around the world,” says Finucane.

Learn more about how Bank of America deploys capital to drive solutions to global challenges.

4/17/2018


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