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Circulate Capital Partnership

Active

Ocean Plastic Pollution

Pollution

Climate Resilience and Adaptation

Climate Mitigation

Asia

A USAID-Supported Investment Partnership for Combating Ocean Plastic Pollution

In April 2019, USAID signed an agreement leveraging more than $100 million in a private-sector investment strategy managed by Circulate Capital, a firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic pollution in South and Southeast Asia, and backed by multinational corporations, including:

  • PepsiCo
  • Procter & Gamble
  • Dow
  • Danone
  • Unilever
  • Coca-Cola

USAID will provide a $35 million, 50 percent loan- portfolio guarantee through the Development Credit Authority (DCA), which will be used to incentivize private capital investment in the recycling value chain in South and Southeast Asia.

Starting in the summer of 2019, Circulate Capital’s strategy will focus on providing financing to companies and projects in the recycling value chain to reduce improperly disposed of municipal solid waste and encourage new investment in this sector. At least 50 percent of the total facility will be used for loans in the four countries that align with USAID’s Municipal Waste Recycling Program (Indonesia, Philippines, Vietnam, and Sri Lanka). This partnership is designed to achieve mutually beneficial financial sector and development impacts in the waste management and recycling sector.

Development Impacts

  • Increased number of borrowers in solid waste management and plastics waste recycling sector
  • Increased number of jobs and/or improved working conditions for workers in the waste recycling sector
  • Increased lending to waste recycling businesses with women in leadership
  • Increased uptake of innovative technologies, including U.S. exports

Financial Sector Impacts

  • Mobilizing Capital
  • Improvements in Lending Terms/Capital Availability
  • Lender Self-Investment
  • Lender New Business Development
  • Crowding in Additional Private Capital
  • Changing Markets

At a Glance

  • A USAID-supported investment partnership to combat ocean plastics leverages $100 million in a private sector investment strategy funded by six multinational companies.
  • USAID will provide a $35 million, 50 percent loan portfolio guarantee through the Development Credit Authority to incentivize capital investment in the recycling value chain in South and Southeast Asia.

Related Resources & Insights

Guide

Investing in Waste Management and Recycling with a Gender Lens

August 1, 2022

United States Announces Partnership to Reduce Ocean Plastic Pollution in Indonesia

July 29, 2022

Save Our Seas Initiative Launch Event

June 15, 2022

UN Ocean Conference Virtual Event: Preventing Marine Plastic Pollution Through Development Cooperation & Women’s Empowerment

May 27, 2022
Technical Note/Tool

The Building Blocks of a Circular Economy: USAID’S Local Systems Approach to Reducing Ocean Plastic Pollution

May 17, 2022

Circulate Capital Increases its Commitment to Indonesia Plastic Pollution Prevention with New Investment into Reciki’s Optimized Material Recovery Solution

December 15, 2021

Best of 2020 – Ocean Plastics at USAID

December 16, 2020

How USAID is Working with the Private Sector to Combat Ocean Plastics Pollution

June 10, 2020

Event: Local Solutions to the Global Challenge of Ocean Plastic Pollution

May 29, 2020

Ocean Plastics Media Scan March & April 2020

May 17, 2020
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