Innovative Finance and Sustainable Development Flashcards

These flashcards cover the key theoretical frameworks, methodological approaches, and findings regarding the EU's innovative finance agenda and its impact on civil society organizations like DanChurchAid.

WPR approach

An analytical strategy developed by Carol Bacchi that looks behind policy to ask what self-evident logics are taken for granted and what problem representations are implied.

Innovative finance

A framework in international development used to make sustainable development governable by incentivizing and redirecting private capital toward development projects.

Prescriptive policy documents

Documents that guide conduct by expressing who a governing body (like the EU) sees as important actors in pursuing specific goals, such as sustainable development.

De-risking

The practice of using development funds to reduce the risk of sustainable development projects to make them more bankable and viable for private investment.

Governmentality

A concept by Foucault used to analyze why interventions are consistently bounded to certain rationalities, such as the market.

Ordoliberalism

A specific governing rationality that narrows the space for political intervention to the framework of the market.

Wall Street Consensus

A notion by Gabor arguing that instead of disciplining capital, development funds are used to align the interests of private capital with sustainable development goals.

Financialization

A framework by Chiapello used to describe how private financial actors become designated as obligatory passage points for pursuing sustainable development.

Obligatory passage points

A structural scenario where private financial actors must be involved or moved through to pursue development objectives.

Rendering technical

A concept from Li's "The Will to Improve" that focuses on technical improvements while often leaving structural causes and political implications unaddressed.

Antagonistic complicity

A concept describing a trustee's position where they attempt to adjust a system from the margins, which inadvertently provides the architecture with legitimacy it might otherwise lack.

Finance gap

The perceived deficit in funding for sustainable development that innovative finance is presented as a neutral response to.