As Publisher

"This report, the second in a collaboration between the United Nations Capital Development Fund (UNCDF) and the Organisation for Economic Co-operation and Development (OECD), outlines the latest trends in blended finance approaches in LDCs. It updates the previous 2018 report with the latest available data from the OECD, which now cover the six years from 2012 through 2017. It also features seven guest pieces by practitioners and experts working in the blended finance space, which showcase the opportunities and challenges of applying blended finance solutions in LDCs. The report concludes with a review of the next steps for the blended finance and development communities, and flags some emerging issues revealed in the report."

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Based on a review of existing literature, this paper discusses to what extent and how SMEs can
deliver green and inclusive growth. The OECD defines green growth as aligning economic growth and environmental objectives. Specifically, it involves transitioning to a resource-efficient, low carbon economy and preserving environmental resources while seizing the economic opportunities that this transition generates (OECD, 2015[9]). Similarly, the World Bank defines green growth as “economic growth that is environmental sustainable.” Put it more concretely, it means “enabling developing countries to achieve robust growth without locking themselves into unsustainable patterns” (World Bank, 2012[10]). Meanwhile, inclusive growth involves raising “societies’ welfare or living standards broadly defined.” It is a multidimensional measure of growth and includes both income-related measures of well-being and non-income elements such as health and education. Inclusive growth also emphasizes the question of distribution; that is, how are aggregate changes in measures of growth distributed across households and individuals (Boarini, Murtin and Schreyer, 2015[11])? Simply, green and inclusive growth involves a transition to an eco-friendly, low-carbon economy and simultaneously, broad improvements in societal welfare. Thus, the paper is concerned with discussing to what extent greening SMEs delivers widespread societal welfare gains."

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"Developed in partnership with ASEAN, this report discusses labour market participation of women and women’s entrepreneurship in the ASEAN region today. It takes stock of key challenges women are facing, analyses the policy landscape, identifies gaps, and proposes recommendations to advance the role of women in the labour market, as entrepreneurs and business owners, presenting best practice examples from both the region and the OECD."

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"With the trend to conduct rigorous impact evaluations of development interventions, many researchers have started to look more closely at programmes and policies that either directly intend to create jobs or that generate jobs indirectly. This note summarises the main lessons that can be drawn from these studies. It is based on a comprehensive systematic review commissioned by the evaluation unit of KfW Development Bank (Grimm and Paffhausen, 2014). The review revealed several factors and design features likely to make job creation interventions successful. However, these findings have to be taken with care because evidence is still scarce. First and foremost, the review underlines how little we actually know about how to create jobs. This stands in sharp contrast to the high number of programmes and projects that claim to know -- and on which considerable funds are being spent."

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