Bibliometric Review of Blended Finance and Partial Risk Guarantee: Establishing Needs and Advantages

A partial risk guarantee (PRG) is one of the critical instruments in the blended finance approach that provides partial assurance to the risk investor to lend leveraged capital to the borrower. Under the PRG scheme, philanthropic capital is employed as a risk guarantee to create financial and econom...

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Bibliographic Details
Published in:International journal of financial studies 2023-09, Vol.11 (3), p.103
Main Authors: Sharma, Kamakshi, Mahna, Tusharika, Jain, Sonali, Dhir, Sanjay, Rao, Neeta, Biyani, Achin, Sikka, Himanshu, Yadav, Rishit, Dua, Sidharth, Gupta, Archish
Format: Article
Language:English
Subjects:
bibliometric review
Bibliometrics
blended finance
borrower
climate
COVID-19
donor
economic additionality
Ecosystems
Guarantees
International finance
Keywords
Pandemics
Social investing
Social responsibility
Sustainable development
Sustainable urban development
Trends
Citations: Items that this one cites
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Summary:A partial risk guarantee (PRG) is one of the critical instruments in the blended finance approach that provides partial assurance to the risk investor to lend leveraged capital to the borrower. Under the PRG scheme, philanthropic capital is employed as a risk guarantee to create financial and economic additionality through the multiplier effect. This study examines the current trends in PRG and blended finance ecosystem research. This study also aims to identify future research areas to work upon. The bibliometric analysis highlights the need and advantages of blended finance and PRG. The study highlights themes, such as climate finance, SDGs, impact investments, and blended finance/PRGs, from the literature on blended finance. This study illustrates the impact for researchers and managers regarding the future direction to undertake and the domains where PRG can work wonders. The research allows for a comprehensive view of the leading trends, such as utilising blended finance tools such as PRG in funding the work in climate financing, SDGs, water, sanitation, and impact investment. This is perhaps the first study to conduct a bibliometric analysis of the developing area of blended finance partial risk guarantee literature to highlight its importance and advantages.
ISSN:2227-7072
2227-7072
DOI:10.3390/ijfs11030103