The global challenges confronting us — climate change, poverty, inequality, and many others — can feel overwhelming. Those of us who believe in market-based solutions to these challenges get even more disheartened when we regularly see our existing capitalist system failing us, often causing more harm than good. Many examples show how the capitalist tools of finance and investment can and make real, positive impact. Approaches like blended finance and impact investing can help accelerate progress against the world’s biggest remaining collective challenges. Yet use of these improved capitalist approaches remains far too subscale. Blended finance and impact investing remain 15 to 200 times smaller than traditional approaches to finance and investment. How can we continue to make capitalism work better by scaling these approaches and others? This book looks at how we can start making these necessary changes using strategies, structures, and practices that take advantage of capitalism's strengths. Its goal is to demonstrate how a reimagined financial system can be more inclusive and accountable to all. By shifting away from extractive, short-term practices in the name of shareholder primacy, we can move toward a system that values the role of all stakeholders.
Arvustused
This wonderfully positive book about innovations in investment and finance is as must-read for anyone working in impact investing, according to Christopher Walker. This is a book everyone in impact investing should read. As such this is a wonderfully positive book. there is a lot of wisdom and experience in this book. (Christopher Walker, impact Investor, impact-investor.com, May 5, 2023)
Chapter 1: Introduction.- Part 1 Paradigm Shift I: Seek Financial
Health, Not Financial Access.- Chapter 2 Reassess the Financial Inclusion
Revolution.- Chapter 3 Design Services That Build Financial Health.- Chapter
4 Measure impact with client voices an interview with Sasha Dichter.-
Part 2 Paradigm Shift II: Provide Patient Capital, Not Venture
Capital.- Chapter 5 Better Understand the Diverse Needs of
Enterprises.- Chapter 6 Explore Alternative Approaches to Better Serve
Enterprise Needs.- Chapter 7 Reimagine approaches to provide capital an
interview with Chris Jurgens.- Part 3 Paradigm Shift III: Be an Impact-First
Investor, Not an ESG Investor.- Chapter 8 The Difference Between ESG and
Impact Investing and Why It Matters.- Chapter 9 Raising the Bar on Impact
Management and Measurement.- Chapter 10 Mainstream impact management an
interview with Olivia Prentice.- Part 4 Paradigm Shift IV: Offer Catalytic
Finance, Not Just Blended Finance.- Chapter 11 Unleashing Private Capital for
Global Development.- Chapter 12 Scaling Blended Finance Effectively.- Chapter
13 Challenge the development finance status quo an interview with Joan
Larrea.- Part 5 Paradigm Shift V: Measure Success Based on Results, Not
Activities.- Chapter 14 The Unrealized Potential of Results-Based
Finance.- Chapter 15 When, How, and Why to Use Impact Bonds.- Chapter 16
Link financial incentives to impact an interview with Bjoern Struewer.-
Part 6 Paradigm Shift VI: Provide Capacity Building, Not Just
Capital.- Chapter 17 Enhancing Impact with Capacity-Building
Services.- Chapter 18 Fulfilling the Potential of Capacity-Building
Services.- Chapter 19 Scale based on evidence of effectiveness an interview
with Nicholas Colloff.- Chapter 20: Conclusion What We Can Do to Scale
Impact.
Kusisami (Kusi) Hornberger is a Partner based in the Washington, DC office of Dalberg Global Development Advisors. In addition to serving as Dalbergs Global Knowledge Lead, Kusi also co-leads Dalbergs Finance & Investment Practice and is particularly passionate about the use of innovative finance and technology to accelerate the achievement of the United Nations Sustainable Development Goals (SDGs). Kusis recent work includes various projects at the intersection of impact investing/blended finance and agriculture, global health, and the financial services sectors. Kusi is also a recognized thought leader and has led the development of several major market research reports on impact investing and blended finance.
