U.S. Suspends Applications For 'Innovative' Anti-Poverty Efforts

The Development Innovation Ventures has earned bipartisan praise for the grants it gives to programs that help the poor. So why is there a temporary suspension of new grant applications?
Development Ventures International was the first investor in Mera Gao Power, which has designed a solar-powered microgrid to provide electricity to off-grid villages in India. Source: Anna da Costa/Courtesy of USAID

A U.S. government venture capital fund supporting efforts to end extreme poverty will stop accepting new grant applications tonight.

Friday's announcement puts a hold on a program that provides seed funding for innovative initiatives like developing low-cost smart tractors in Nigeria and running a peer support group for pregnant women in Nepal.

Development Innovation Ventures (DIV) chief Anne Healy emailed grant recipients earlier this week that applications for funding will close at 11:59 p.m. tonight.

"We will temporarily suspend

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