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When it comes to helping the world's poorest people, there's no "silver bullet"but there are plenty of ways to invest in their future, the New York Times reports.
The world's richest people are putting their money where their mouth is.
According to the World Bank, the world's richest individuals and families have donated more than $1 trillion to groups that help the world's poorest people, but there's no "silver bullet" that will solve the world's problems, the Times notes.
"There is no'silver bullet' that will solve the world's problems," the head of the World Bank's philanthropic department tells the Times.
"There are a lot of different approaches to solving the world's problems."
One of those approaches is "impact investing," which involves putting money toward causes that have a positive impact on the world's people, the Times notes.
The world's richest people are putting their money where their mouth is, the Times reports.
According to the World Bank, the world's richest individuals and families have donated more than $1 trillion to groups that help the world's poorest people, but there's no "silver bullet" that will solve the world's problems.
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