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A new financial initiative for Cultural and Creative Industries in ACP countries

Gian Giuseppe Simeone • 3 May 2020

CreatiFI is a new blending initiative designed to leverage impact investment in the Cultural and Creative Industries (CCIs) in ACP countries. CCIs are very diverse groups of economic activity and an essential component and an enabler of development, also beyond economic growth.

The main objectives of this initiative are:

  • To improve access to finance for MSMEs and organisations from the CCIs sectors;
  • To strengthen local financial systems by improving capacity of financial intermediaries in areas such as sector market intelligence and risk assessment associated with CCIs;
  • To improve the conditions of market access for CCIs through increased business capacities of the different sub-sectors.

The principle is that a "one size fits all" solution does not work for CCIs, and customization will be based on knowledge about value chains and creative clusters at the regional level.