Aleem Walji, the Practice Manager of World Bank Institute's Innovation Team, looks to impact investing and the expansion of microfinance products as a necessary complement to development aid. He has his eye on the next steps for the impact investing industry, including social and environmental metrics like the GIIN's IRIS standards.

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We are on the brink of a potentially game-changing force in development. There is a growing recognition that governments acting alone cannot provide public services to all of their citizens. They need partners from civil society, commercial enterprises, and private non-commercial actors including social entrepreneurs to complement, support, and create new business models for the delivery of public goods and services. While there is no shortage of actors playing a gap-filling role, there are few models that work at scale.

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