Blended financing, Canadian foreign aid policy, and alternatives

Murray, Adrian; Spronk, Susan

doi:10.1080/07078552.2019.1682781

Cited by 5 publications

(1 citation statement)

References 15 publications

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“…They argued that those pursuing social, political and ideological objectives related to power, hegemony, and financialisation of international development subdue the ability to achieve the intended financial sophistication. Similarly, Murray and Spronk (2019, p. 275) identified blended finance as a “corporate capture”. It encourages private, profit-seeking interests to encroach in public space, with little evidence to support the notion that reorientation of ODA to favour blended finance will fill the financing gap and promote equitable forms of development by channelling resources to where they are needed most or reducing poverty.…”

Section: Solution To Address Challenges Attributed To Access To Priva...mentioning

confidence: 99%

How do adoption choices influence public private partnership outcomes? Lessons from Spain and Portugal transport infrastructure

Anago

2022

IJMPB

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Purpose Maximising real efficiency benefit (REB) is currently being replaced with access to private finance as core public–private partnership (PPP) adoption motive. This later choice focusses on short-term performance, compromising REB and the procurement of infrastructure that meets the need of the present and future generations, which the former accomplishes. The paper aims to review these observed changes to understand the rationales and significance behind such switch.Design/methodology/approach Secondary data powered exploratory study. Deployed X-inefficiency theory to triangulate and reduce bias and select country cases to provide the proper foundation for the descriptive “what happened?” question, such as “what was the failure concerns with a particular adoption choice?”Findings The shift to accessing private finance adoption motive against REB failed to improve PPP project performance or meet efficiency and sustainability. Instead, it allows the private sector to assume financial risk without synergistic monitoring from the government to determine their contractual and commitment trust level, which would help achieve the five-dimensional sustainable performance measurement system for PPP. This led to the struggles of PPP projects in Portugal and Spain, where cost overruns and high demand forecast led to project failures. A recommendation, blended finance with its technical assistance additionality, is considered pivotal to addressing access to private finance motive shortcomings.Originality/value This study improves best practices for new and existing adopters by systematically establishing that adoption ideology is a cardinal variable that influences PPP project success. When not correctly adopted, it can make the most successful structured projects face complexities and uncertainty.

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Section: Solution To Address Challenges Attributed To Access To Priva...mentioning

confidence: 99%

How do adoption choices influence public private partnership outcomes? Lessons from Spain and Portugal transport infrastructure

Anago

2022

IJMPB

View full text Add to dashboard Cite

show abstract

Environmental conflict and the expansion of renewable energy in Central America: exploring Canadian participation

Granovsky-Larsen

Benavides

2023

Canadian Journal of Latin American and Caribbean Studies / Revu

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Feminism, innovative finance and the Equality Fund: doing well while doing good?

St-Pierre Gaudreault,

Spronk

2024

New Political Economy

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Blended financing, Canadian foreign aid policy, and alternatives

Cited by 5 publications

References 15 publications

How do adoption choices influence public private partnership outcomes? Lessons from Spain and Portugal transport infrastructure

How do adoption choices influence public private partnership outcomes? Lessons from Spain and Portugal transport infrastructure

Environmental conflict and the expansion of renewable energy in Central America: exploring Canadian participation

Feminism, innovative finance and the Equality Fund: doing well while doing good?

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