EDGAR  EXHIBIT  14

                                                                           DRAFT

                                                                      Exhibit 14

                         CONSENT OF INDEPENDENT AUDITORS

We  consent  to  the  following  with  respect  to the Registration Statement of
Calvert  Impact  Fund,  Inc.  on  Form  N-14  under  the Securities Act of 1933,
relative  to  the transfer of all the assets and liabilities of The RISA Fund to
the Calvert South Africa Fund in exchange for shares of the Calvert South Africa
Fund.

1.     The  incorporation  by reference of our report dated November 22, 2000 on
our audit of the financial statements and financial highlights of The RISA Fund,
which report is included in the Annual Report to Shareholders for the year ended
September  30,  2000.

2.     The  reference to our Firm under the heading "Independent Accountants and
Custodians."


PRICEWATERHOUSECOOPERS,  L.L.P.
Philadelphia,  Pennsylvania
[Date]