scholarly journals Sustainable Banking: The Role of Multilateral Development Banks as Norm Entrepreneurs

2020 ◽  
Vol 12 (3) ◽  
pp. 972 ◽  
Author(s):  
Mendez ◽  
Houghton

This article explores the role of multilateral development banks (MDBs) in originating norms of sustainable banking that have attracted and supported green private finance, a role not widely known in the management literature. Any prospect of achieving the United Nations (UN) Sustainable Development Goals by 2030 presupposes mobilizing the estimated US$23.3 trillion currently locked-up in risk-averse private savings to bridge the gap between developing countries’ demand for capital and the current global financial architecture’s capacity to supply it. The three biggest obstacles to sustainable banking identified by the authors are discussed: (1) The uncertain bankability of projects; (2) non-transparency in tracking sustainable capital flows; and (3) no universal mechanism capable of making matches between green investment supply and demand; and what MDBs have actually done to overcome these roadblocks, and might do in future, is also discussed. Seen through the lens of “applied constructivism”, MDBs are revealed to be norm entrepreneurs proactive since at least the 1970s in socially constructing most of the basic norms and practices of sustainable banking which the private sector relies on or is now striving to take up. MDBs are typically the first “port of call” for international governmental organizations (IGOs) and civil society organizations wishing to establish a sustainable financial framework for development; and are the likeliest political agents to pioneer sustainable banking in future. MDBs would do well to develop an awareness of the methods of Constructivism, which they have actually been unwittingly using, to empower themselves to meet the challenges of the 21st century.

2021 ◽  
Vol 26 (5) ◽  
pp. 23-40
Author(s):  
Oscar Rosario Gugliotta

Abstract In all matters regarding climate change, the modern world presents complex challenges which highlight how investments in infrastructure have as of yet been inconclusive. The emission percentages calculated by relevant studies demonstrate the need for long-term investments in infrastructures, to ultimately reduce the impact on the environment and our health. To this end, in alignment with the principles expressed in the Paris Agreement – reducing global warming and incentivising a zero-emission transportation system – and the Sustainable Development Goals (SDGs), these new infrastructures will require a structural change that can be guaranteed by multilateral development banks (MDBs), given their nature, especially within developing countries. MDBs play an important role in supporting local governments, on the one hand creating a prosperous environment for sustainable infrastructures and, on the other, providing innovative financial instruments that could increase the financial sector’s participation. In this paper, aft er a brief excursus on the Paris Agreement’s role in the global climatic crisis, there will be an evaluation of the relations between MDBs and climate finance, with a focus on green bonds.


Urbani izziv ◽  
2019 ◽  
Vol Supplement (30) ◽  
pp. 5-23
Author(s):  
Richard Grant

E-waste research on South Africa cities is modest compared to the much larger research output on other African cities (e.g., Accra, Ghana, and Lagos, Nigeria). Synthesizing gray reports, academic literature, and findings from 25 interviews with key Cape Town stakeholders (from informal and formal firms and industry, civil society, and governmental organizations), this paper assesses the current e-waste landscape in Cape Town, bifurcated between numerous informal individuals/firms and a handful of large formal operators. E-waste activities focus on collection (with little value added), dismantling, preprocessing, and refurbishment without final processing, the latter being performed in Johannesburg and overseas. After a decade of e-waste deliberation, government, businesses, industries, consultants, and civil society organizations are coalescing around approaching e-waste as a strategic green economic opportunity, a tilt coinciding with the designation of Africa’s first designated green special economic zone at Atlantis. The green economy tilt, however, is by no means guaranteed: deficiencies in data, e-waste infrastructure, capacity building, and major differences of opinion about the role of informal operators persist.


2021 ◽  
Vol 29 (1) ◽  
pp. 199-238
Author(s):  
Gamze Erdem Türkelli

Abstract Children and their rights are increasingly recognised as an integral part of the global development agenda as set out by the 2030 Agenda and the accompanying sdg s (Sustainable Development Goals). UN Human Rights Council Resolution 34/16 calls for a child rights-based approach to implementing these goals. Aspirations aside, children’s rights are largely invisible when the debates shift to how development is financed. Consequently, a children’s rights-based inquiry into the governance of institutions that finance development, is largely absent. This article seeks to overcome the relative scarcity of critical academic reflection on how and to what extent children’s rights feature in how development projects are financed by multilateral development banks (mdb s). The article first identifies common strands in norms mdb s use to govern themselves, their clients and borrowers. It then proceeds to situate how children’s rights fit into these administrative governance frameworks and goes on to address future perspectives of engagement to address shortcomings.


Author(s):  
Şaduman Kapusuzoğlu ◽  
Mehmet Durnalı

The focus of this study will be on the truth lies in identifying one of the background of challenges on comprehensive and precise educational policies required to be developed and executed so that training and educational needs of immigrants in Turkey will be fulfilled very effectively. The background will be examined in terms of organizations playing active roles in immigrant management. The introduction provides an overview of; relation between integration of immigrants into a society and role of education, adaptation of education system for immigrant, immigrant education policy, and immigrant management. In the main part, Turkish national, supranational and international governmental organizations, non-governmental organizations (NGOs) and civil society organizations (CSOs) acting on behalf of meeting the needs of refugees and immigrants in Turkey will be determined and discussed in a systematic and holistic way. Their foundation, main mission, roles, practices, some of their projects will be explained as a sample case.


2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S65-S65
Author(s):  
Ronald J Angel

Abstract Mexico’s rapidly aging population presents serious short and long-term challenges to the state and to families, since relatively few individuals have formal retirement plans. Although health care access is formally universal, and non-contributory retirement income is provided to all elderly in need, the Mexican old-age welfare remains limited. In this study we assess the potential role of civil society organizations (CSOs), a category that includes secular non-governmental organizations (NGOs), faith-based organizations (FBOs), in advocacy for and service provision to elders in need. Social and demographic changes, including the migration of children away from their parent’s community, the need for women to work, smaller families, and more are undermining the capacity of the family to provide all of the care and support that frail aging parents need. Given the fact that the federal, state, and municipal governments are limited in what they can provide, the role of CSOs is potentially significant.


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