"The current global crisis of economic exclusion and inequity has millions of people in poverty with limited opportunities to escape. The questions of how markets work, and who they work for, have never been more pressing.

Truly inclusive markets lead to expanded opportunity for more broadly shared prosperity, especially for those facing the greatest barriers. With support from The Rockefeller Foundation, we analyzed historical cases where such inclusive transformations actually occurred in order to understand the ways in which they were achieved. Using these insights, we offer practical recommendations for funders and intermediaries seeking to enable more of these shifts in the future."

"This report highlights the potential of small, micro and medium enterprises (SMME) in the process of moving towards a green economy in line with the Sustainable Development Goals (SDGs). It also describes challenges that SMME with inclusive business models face and provides policy recommendations on how to support them."

"This publication is intended to raise awareness of the impact of social enterprise supply chains on society and the benefits for companies that do business with them in Peru. These pages contain many examples of companies that work with social enterprises to meet their corporate and social responsibility objectives, as well as a directory of Peruvian social enterprises that are potential suppliers for major businesses around the country. With this guide we hope to inspire the representatives of Peruvian companies and give them the courage to explore new business models that meet their operational needs while generating a positive and lasting social and environmental impact."

"Despite regulatory efforts designed to make it easier for firms to formalize, informality remains extremely high among firms in Sub-Saharan Africa. In most of the region, business registration in a national registry is separate from tax registration. This paper provides initial results from an experiment in Malawi that randomly allocated firms into a control group and three treatment groups: a) a group offered assistance for costless business registration; b) a group offered assistance with costless business registration and (separate) tax registration; and c) a group offered assistance for costless business registration along with an information session at a bank that ended with the offer of business bank accounts. The study finds that all three treatments had extremely large impacts on business registration, with 75 percent of those offered assistance receiving a business registration certificate. The findings offer a cost-effective way of getting firms to formalize in this dimension. However, in common with other studies, information and assistance has a limited impact on tax registration. The paper measures the short-term impacts of formalization on financial access and usage. Business registration alone has no impact for either men or women on bank account usage, savings, or credit. However, the combination of formalization assistance and the bank information session results in significant impacts on having a business bank account, financial practices, savings, and use of complementary financial products."

"Identifying the determinants of entrepreneurship is an important research and policy goal, especially in emerging market economies where lack of capital and supporting infrastructure often imposes stringent constraints on business growth. This paper studies the impact of a comprehensive business and financial literacy program on firm outcomes of young entrepreneurs in an emerging post-conflict economy, Bosnia and Herzegovina. The authors conduct a randomized control trial and find that while the training program did not influence business survival, it significantly improved business practices, investments, and loan terms for surviving businesses. Entrepreneurs with higher ex-ante financial literacy further exhibited some improvements in business performance and sales."

"This whitepaper presents the first rigorous analysis and estimate of the size of the impact investing market. It estimates that over 1,340 organizations currently manage USD 502 billion in impact investing assets worldwide. This research also underscores the diversity of the market.

Overall, this research indicates that a significant amount of capital is at work to address the world's social and environmental challenges. And the market continues to grow rapidly, with new investors entering to establish impact investing practices and to allocate additional capital to positive impact."

"As microenterprises are likely to resort to microfinance institutions to get access to financial services, Appui au Developpement Autonome (ADA) has coordinated a series of three studies relying on five Monetary Financing Institutions (MFIs) in Ethiopia, Kenya and Madagascar in order to identify a sample of SGB owners and interview them individually to get details about their paths.

This study is the synthesis of these three surveys and specifically aims at providing detailed information about entrepreneurs' profiles, about the main challenges and obstacles they faced through their growing process and about their current financial and non-financial needs. Based on such information, general recommendations are made to financial services providers and all kinds of organizations supporting MSMEs."

"This report begins to address some of the communications gaps that restrict capital flows into the sustainable forestry market and seeks to uncover opportunities to unlock further investment. Investment in these vehicles is critical, both to the conservation of critical biodiversity and animal habitat and to the ability to deliver a low-carbon or negativeemission future."

"This article addresses the specific role of programs that attempt to help social ventures scale. We utilize combined experience in the Momentum Project from ESADE Business School and the Global Social Benefit Incubator at Santa Clara University, as well as an exploratory study of 40 social incubator and accelerator programs around the world, to frame the issues. We make a comparison among different programs and classify them as social incubators and social accelerators according to targeted social ventures and portfolio of resources offered. We note opportunities for research on social entrepreneurship and discuss relevant issues for both academics and practitioners such as the structure of these programs, the variance of approaches, and the resources needed by social ventures in their scaling processes."

"This report explores evidence and insights from five case studies that have made significant recent progress in addressing the challenge of insuring poor smallholder farmers and pastoralists in the developing world. Evidence from these case studies can inform the ongoing debate about the viability of scaling up index-based insurance for vulnerable smallholder farmers in the developing world. The rapid progress observed in recent years suggests that index insurance has the potential to benefit smallholder farmers at a meaningful scale, and suggests the need to reassess arguments that lack of demand and practical implementation challenges prevent index-based insurance from being a useful tool to reduce rural poverty."