Role reversal: Public and Private Funders in microfinance

  • Abrams J
  • von Stauffenberg D
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Abstract

This article set off a minor storm in the microfinance community by calling for a more thoughtful examination of the potential- ly destructive role that subsidized capital can play in undermining the development of local capital markets. While the paper focuses on microfinance, its implications are applicable to impact investing more broadly.

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Authors

  • Julie Abrams

  • Damian von Stauffenberg

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