2019
DOI: 10.1080/09692290.2019.1608842
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When billions meet trillions: impact investing and shadow banking in Pakistan

Abstract: The global community has spoken loud and clear: more resources must be mobilised to end extreme poverty and mitigate the effects of climate change. Blended finance-an approach to mix different forms of capital in support of development-is emerging as an important solution to help meet the 'billions to trillions' agenda. For development cooperation providers, the scaling up of this approach needs to be based on a good understanding of its potential in supporting developing countries meet the SDGs and Paris Agre… Show more

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Cited by 23 publications
(9 citation statements)
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“…Other popular keywords or topics in this cluster that are researched in conjunction with socially responsible investing include “investment”, “corporate social responsibility”, “sustainability”, “socially responsible investment”, “mutual funds”, “decision making”, “ESG”, “corporate governance”, and “financial performance”. Under this cluster, researchers have explained the performance of socially responsible funds and their outperformance over regular mutual funds (Jafri, 2019 ), the ethical requirements to fulfill social responsible investing (von Wallis & Klein, 2015 ), and how ESG scores can enhance investment decision making (Chow et al, 2014 ), among others.…”
Section: Resultsmentioning
confidence: 99%
“…Other popular keywords or topics in this cluster that are researched in conjunction with socially responsible investing include “investment”, “corporate social responsibility”, “sustainability”, “socially responsible investment”, “mutual funds”, “decision making”, “ESG”, “corporate governance”, and “financial performance”. Under this cluster, researchers have explained the performance of socially responsible funds and their outperformance over regular mutual funds (Jafri, 2019 ), the ethical requirements to fulfill social responsible investing (von Wallis & Klein, 2015 ), and how ESG scores can enhance investment decision making (Chow et al, 2014 ), among others.…”
Section: Resultsmentioning
confidence: 99%
“…In framing the commercialisation of microcredit in this way, I build on recent analyses of the growing emphasis on multilateral donors and developing country governments 'escorting' financial capital into particular development projects (Gabor 2021;Jafri 2019;Mawdsley 2018;Tan 2021), and previous analyses of poverty finance through the lens of the 'spatial fix' (e.g. Rankin 2013;Soederberg 2013;Frimpong Boahmah and Mursid 2019).…”
Section: Commercialising Community: Experiments With Marketisationmentioning
confidence: 99%
“…First, although in the short run the WSC policies can increase the amount of funding available for climate infrastructure projects, this might not be the case in the long run. The WSC relies on shadow-banking practices (such as securitisation of PPP loans) for the creation of financial assets (see also Jafri 2019). Such assets are more susceptible to changes in economic and financial conditions.…”
Section: Why Does the Wsc Undermine Climate-aligned Development?mentioning
confidence: 99%