Flammer, Caroline; Giroux, Thomas; Heal, Geoffrey - National Bureau of Economic Research - 2024
Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to … finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of … decision-making of development finance institutions (DFIs) that engage in blended finance. We then provide empirical evidence …