A year after Open Philanthropy announced it would begin funding efforts to accelerate economic growth in low- and middle-income countries, details of that strategy are coming into focus.
Trade disruptions, automation, and shrinking aid budgets have prevented countries from seeing the kind of economic growth that has lifted hundreds of millions of people out of poverty in countries such as India and China.
Now Open Philanthropy is testing how private philanthropy can help countries get back on a growth path amid global headwinds. The San Francisco-based organization was founded by billionaire couple Dustin Moskovitz and Cari Tuna, and is known for its data-driven approach to cost-effective giving.