Sharma, Kamakshi; Mahna, Tusharika; Jain, Sonali; Dhir, … - In: International Journal of Financial Studies : open … 11 (2023) 3, pp. 1-21
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 …